Which of the following is an example of a monopolistically competitive industry?

32. Which of the following is an example of a monopolistically competitive industry?a.breakfast cerealsb.cigarettesc.restaurants in New York Cityd.milk

33. Which of the following market structures is considered a differentiated products market?

34. For a monopolistically competitive firm,

35. In the short run, a firm operating in a monopolistically competitive market

36 . The free entry and exit of firms in a monopolistically competitive market guarantees thata.both economic profits and economic losses can persist in the long run.b.both economic profits and economic losses disappear in the long run.c.economic profits, but not economic losses, can persist in the long run.d.economic losses, but not economic profits, can persist in the long run.

37.The relationship between advertising and product differentiation is

38. Advertising that uses celebrity endorsements is most likely intended to

39. Firms in a monopolistically competitive market

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What is a monopolistically competitive industry?

Monopolistic competition is a type of market structure where many companies are present in an industry, and they produce similar but differentiated products. None of the companies enjoy a monopoly, and each company operates independently without regard to the actions of other companies.

Which of the following is an example of a monopolistic competition quizlet?

In monopolistic​ competition, a large number of firms​ compete, each firm produces a differentiated​ product, firms compete on product​ quality, price, and​ marketing, and firms are free to enter and exit. The market for tourist accommodations has these characteristics and is an example of monopolistic competition.

Which of the following is the best example of a monopolistically competitive market?

Restaurants operate in a monopolistically competitive market. This is because there are many restaurants that sell the same products but the products of one restaurant are slightly differentiated from those of other restaurants.

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