Business, 08.01.2021 17:10 dijaflame67
Product differentiation in monopolistic competition Consider two gas stations. One is located at a major intersection used by people commuting from populous neighborhoods to jobs located in the downtown area. The other is located on the outskirts of the city. Both gas stations sell high-grade or premium-grade gas for a higher price than low-grade or regular-grade gas. However, the gas station along the more congested route charges higher gas prices for all grades than the station on the outskirts of town. These gas stations offer product differentiation based on which of the following?
A. Quality.
B. Style.
C. Location.
Negative long-run profit can occur as a result of advertising in a monopolistically competitive market.
True
False
Answers: 3
Another question on Business
Business, 22.06.2019 04:00
Which law would encourage more people to become homeowners but not encourage risky loans that could end in foreclosure? options: offering first time homebuyers tax-free accounts to save for down payments requiring all mortgages to be more affordable, interest-only loans outlawing home inspections and appraisals by mortgage companies limiting rent increases to less than 2% a year
Answers: 2
Business, 22.06.2019 10:50
Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
Answers: 2
Business, 22.06.2019 14:00
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
Business, 22.06.2019 16:00
In microeconomics, the point at which supply and demand meet is called the blank price
Answers: 3
You know the right answer?
Product differentiation in monopolistic competition Consider two gas stations. One is located at a m...
Questions
Mathematics, 12.12.2019 03:31
History, 12.12.2019 03:31
Spanish, 12.12.2019 03:31
English, 12.12.2019 03:31
History, 12.12.2019 03:31
English, 12.12.2019 03:31
Chemistry, 12.12.2019 03:31
