question archive 1) Monopolistic competitive products are -------- advertised a) Never b) Rarely c) Occasionally d) Highly 2
1) Monopolistic competitive products are -------- advertised a) Never b) Rarely c) Occasionally d) Highly 2
Subject:MarketingPrice:2.88 Bought17
1) Monopolistic competitive products are -------- advertised
a) Never
b) Rarely
c) Occasionally
d) Highly
2. A market with many firms, a differentiated product, and little to no barriers to entry is a------ market
a) Perfect competition
b) Monopolistic competition
c) Oligopoly
d) Monopoly
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1.
d. Highly
Competition in monopolistic competition market is high, and therefore, companies use advertisements to win clients.
2.
b. Monopolistic competition
Firms are many because it is easy for new companies to enter the market. Moreover, each company makes its products unique through differentiation. Product differentiation can be based on names and packaging.
