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How is monopolistic competition like monopoly?
Monopolistic competition is an imperfect form of competition where the products sold by each competing company are similar, but not identical. An example is that of Android smartphones. So, although the supply of each phone product is a monopoly, a similar product from another manufacturer will be a suitable substitute for most consumers.
In the US what is the most common form of market structure?
Monopolistic competition
What is the most extreme form of socialism in economics?
The most extreme form of socialism in economics is often considered to be communism. In this system, all means of production and resources are owned collectively by the community, eliminating private property and profit motives. The government typically controls economic planning and distribution of goods and services, aiming to achieve a classless society where wealth and power are equally shared among all individuals. This contrasts sharply with capitalism, where private ownership and market competition drive economic activity.
What is the market structure with the most competition?
Perfect Competition
What business model creates a market structure that most closely approximates a market structure of pure competition?
The business model that creates a market structure that closely resembles pure competition is a monopolistic competition. Pure competition is also called perfect competition.
What is the most extreme form of Authoritarianism?
most extreme form of authoritarianism called
How is monopolistic competition like monopoly?
Monopolistic competition is an imperfect form of competition where the products sold by each competing company are similar, but not identical. An example is that of Android smartphones. So, although the supply of each phone product is a monopoly, a similar product from another manufacturer will be a suitable substitute for most consumers.
The most extreme form of central government?
comunisn
What is the most common form of market structure in the US?
monopolistic competition
In the US what is the most common form of market structure?
Monopolistic competition
What is an example of a sentence using the word imperfect?
The imperfect solution was the most timely.
What basic form of competition is the most conducive to the use of a marketing mix?
intermediate magma.quality
What extreme was an Nazism?
Socialism. And Communism is the most extreme version of Socialism.
What is the most extreme form of socialism in economics?
The most extreme form of socialism in economics is often considered to be communism. In this system, all means of production and resources are owned collectively by the community, eliminating private property and profit motives. The government typically controls economic planning and distribution of goods and services, aiming to achieve a classless society where wealth and power are equally shared among all individuals. This contrasts sharply with capitalism, where private ownership and market competition drive economic activity.
What is the medical term meaning extreme acne?
The most extreme form is called severe cystic acne.
What political movement promoted an extreme form of nationalism?
There are a number of such movements, but the most popular has been FASCISM.
What is emotional hypertension?
Emotional hypertension is a form of extreme anxiety arising out of a disconnect with the most loved one.
