0
What is a market structure in which many companies sell products that are similar but not identical called?
Wiki User
∙ 11y ago
monopolistic competition
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
A market structure in which there are many firms selling products that are similar but not identical is known as?
monopolistic competition
What type of market structure is subway?
Subway's market structure is a monopolistic competition. Subway competes in its industry in terms of similar price points for its products along with having similar products.
Monopolistically competitive firms are typically characterized by?
many firms selling products that are similar, but not identical.
What is monopolistic competition?
In a monopolistic market a large number of sellers or producers sell differentiated products.It differs from perfect competition that the products sold by different firms are not identical. that is why in a monopolistic market sellers can sell differentiated products in slightly different prize.As example Nokia sells its Music Express phones in slightly higher prize than the other music phones of other companies because of its differentiated features.
Are monopolies the most common form of market structure?
Monopolies are not the most common market structure, if they were you would not have the large variety of potato chips, drinks, etc.Instead "monopolistic" markets are arguably the most common form. In this market structure there are many firms who sell similar products (but not the same).
What is a market structure in which many companies sell products that are similar but not identical?
monopolistic competition
What is a market structure in which companies sell products that are similar but not identical called?
monopolistic competition
A market structure in which there are many firms selling products that are similar but not identical is known as?
monopolistic competition
Is structure and identical similar?
homologous
What do billing services companies do?
Different companies have different regulations. For example, credit card companies each offer similar products but the different between them comes in the structure of interest rates and their acquisition.
What type of market structure is subway?
Subway's market structure is a monopolistic competition. Subway competes in its industry in terms of similar price points for its products along with having similar products.
Monopolistically competitive firms are typically characterized by?
many firms selling products that are similar, but not identical.
What is the difference between isomorph and homomorph?
Isomorphs are problems with the same underlying structure but have different details where as homomorphs are problems that are similar but don't have an identical structure.
Why does the amazon company have its logo?
Companies use logos as a corporate identifier, to differentiate itself from similar companies or products.
Do identical twins have identical brains?
No they do not. Identical twins have identical DNA structure, and therefore they have very similar cell structure, leading them to have vastly similar organs (same size, health issues, etc.). However, everyone, even identical twins, do not share the exact same organs. Some identical twins get migraines, while the other doesn't. In some cases, one twin will be homosexual and the other heterosexual. In any case, by nature, identical twins do not have identical brains, and by nurture they experience different things, learn different things, and process information in different ways, resulting in the twins having differing opinions, etc. No two brains are exactly alike.
What American company is Telus comparable to?
Tellus may be compared to the American company CenturyLink as both companies have similar revenue (approximately $9 billion dollars annually). Both companies offer similar products. However, CenturyLink's products do not include healthcare.
Why identical twins are similar?
If they were not then they would not be called identical twins!
