Business, 09.09.2021 21:00, wtwbegay

Question 4 A) Monopolistically competitive markets and perfectly competitive markets share some similarities but differ in a number of ways. One such difference between the two is that monopolistically competitive firms .(1 point)

face some barriers to entry

face no barriers to entry

feature homogeneous products

feature differentiated products

Question 5
A) A health-care firm is looking to expand to international markets in an effort to increase profits. One potential location has only a few competing health-care providers, each holding a significant percentage of market share. Licensing requirements are high, but the firm may consider establishing a presence in the new location to enjoy .(1 point)

the high prices that arise from monoplistic competition

the high prices that arise from perfect competition

the horizontal demand curves

the downward-sloping demand curves

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Question 4 A) Monopolistically competitive markets and perfectly competitive markets share some si...