• 2021-04-14
    Which of the following characteristics is shared by both monopolistically competitive markets and perfectly competitive markets?
  • no barriers to entry

    内容

    • 0

      Globalization of markets results in markets becoming _____. A: more interdependent B: less diverse C: more protected D: less competitive

    • 1

      Which of the following statements is most accurate regarding the characteristics of a perfectly competitive market A: Firms" products are different. B: The competitors never earn economic profits. C: Barriers to entry into the market are nonexistent.

    • 2

      Which of the following best defines market segmentation A: The identification of customers with common characteristics and needs B: The identification of customers with heterogeneous characteristics and needs C: The grouping of customers with different characteristics D: The process of reducing large markets into smaller markets without regard to customer characteristics E: The process of identifying the various markets that comprise an industry without regard to customer characteristics

    • 3

      Which of the following are secondary markets?

    • 4

      Which of the following are primary markets?