Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

8
Next question
Select the correct answer.
Which statement is false?
O A.
A monopoly sells lower-quality products at higher prices than in a perfect competitio
B.
Natural monopolies are necessary to avoid wasteful duplication of resources.
O c.
The start-up costs in a monopolistically competitive industry are low.
O D.
O E.
The start-up costs in a monopolistically competitive industry are low.
Homogeneous products leave consumers with no choice.
Reset
Next

Sagot :

GinnyAnswer

Final answer:

Monopolistic competition has low start-up costs and offers differentiated products, while monopolies typically offer homogeneous products with limited consumer choice.


Explanation:

In a monopolistically competitive industry, start-up costs are low compared to natural monopolies. This type of industry features products that are differentiated, offering consumers choices. However, in a monopoly, homogeneous products limit consumer choice as there is only one seller, often leading to higher prices.


Learn more about Monopolistic competition and monopolies here:

https://brainly.com/question/51186751


Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.