Which best states the main difference between a monopoly and monopolistic competition?

Answers

Answer 1

A monopoly is a market dominated by one single firm that manufactured the entire amount that is supplied of a certain product. This firm has a huge bargaining power and is able to fix the market price of its products, consumers can either accept and pay such price or refuse to purchase it. Therefore, monopolies face a very steep and inelastic demand curve.

Monopolistic competition is a market structure constituted by a large number of different firms that supply a product that is essentially the same (products that have certain differences but can be used to satisfy the same need). These firms are not price-takers as they have the power to differentiate their products, so that consumers perceive them in a different and superior manner than the products of the competitors, and hence they would be willing to pay if a higher price is fixed.

In both market structures, the firm has a certain degree of control over the price of the product (although the power is absolute in the case of the monopoly and much sligther in the case of monopolistic competition). Therefore, the main difference is the number of firms operating on each type of market.

Answer 2
Final answer:

A monopoly is an economic scenario with only one provider for a product or service, whereas monopolistic competition involves many providers making unique, slightly different products.

Explanation:

The main difference between a monopoly and monopolistic competition can be defined by the number of firms in the industry and the type of goods produced. A monopoly is an economic structure where there is only one single producer or provider for a particular product or service. This means that this sole firm controls the entire market with no competition.

On the other hand, monopolistic competition is a market structure characterized by many sellers, each producing slightly differentiated products. This means that while there is competition, each firm holds some market power due to the uniqueness of their individual products.

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Related Questions

1. According to your knowlege of Aztec society, a memeber of which of the following classes most likely recorded the text?

a. nobles
b. serfs
c. priests
d. traders

2. Which culture first developed an understanding of the concept of zero?

a. Olmec
b. Maya
c. Aztec
d. Mexica

Answers

Answer 1:

The correct answer is c, priests.

Explanation:

Aztec society had two different types of school. The sons of noble lineage attended the calmecac, while sons of commoners were sent to the telpochcalli. While the education provided in the telpochcalli was focused on military training and trades, calmecac students would receive a much more comprehensive education: apart from basic military training, they would be taught how to read and write, and how to perform religious rituals. Priests were literate and tasked with writing religious texts, so they were more likely to record written texts.

Answer:

The Olmecs.

Explanation:

Ancient Mesoamerican calendars required the use of zero for their numeral system. These calendars had a base-20 numeral system, which means they counted from 0 to 19 before they started the count over from 0. While most of these calendars are Mayan, they were not the first to use them, as base-20 calendars predate the Maya civilization. Many of the earliest ancient calendars were found within areas inhabited by the Olmec civilization, so it is generally believed the Olmecs were the first to use the zero in Mesoamerica.

In which area do the united states state and federal governments share power

Answers

Judicial branch! this is the only way they can share power!!✊

Answer:

collecting taxes.

Explanation:

Which of these would be the BEST way to influence the government in a dictatorship?

Answers

Money and weapons to take over the world

Answer:

A) through achievement in military engagements

Explanation:

Who were the two spies in the bible that came back with good reports?

Answers

The answer is..
Shammua son of Zaccur, from the tribe of Reuben.
Shaphat son of Hori, from the tribe of Simeon.

How did congress want to reduce the massive federal deficit caused by Reagan years

A:raise taxes
B:reduce spending
C:cut defense
D:raise tariffs

Answers

The correct answer is A:raise taxes 

Regan's economics caused massive deficits in the budget because he introduced tax cuts to people which meant that the budget would be smaller. They wanted to raise taxes to make up for what was lost and this led to an even bigger problem and the economy started becoming a huge issue since people became more indebted.

Congress wanted to raise taxes


In 1838 frederick douglass escaped slavery in ___ and fled north.

Answers

In 1838 Frederick Douglass escaped slavery in Baltimore and fled North.

Who was Frederick Douglass?

American social reformer, abolitionist, orator, author, and statesman Frederick Douglass was also a writer. He became a political figure in the abolitionist movement throughout Massachusetts and New York after fleeing slavery in Maryland. He was well-known for his oratory and cutting antislavery writings.

His first work, The Narrative of the Life of Frederick Douglass, An American Slave, Written by Himself, was published in 1845, catapulting him to stardom. He spent most of his career fighting to end slavery and collaborated with eminent abolitionists like Gerrit Smith and William Lloyd Garrison.

Frederick Douglass put in a lot of effort to make sure that one of the war's consequences would be emancipation. Two of his sons who served in the U.S. Army were among the African-American men he recruited.

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What was the first arena of religious conflict in sixteenth century europe?

Answers

Final answer:

The first arena of religious conflict in sixteenth-century Europe was the Protestant Reformation, where Protestant reformers challenged the authority and teachings of the Catholic Church. This resulted in the establishment of separate Protestant denominations, wars, persecutions, and the shaping of European religious and national identities.

Explanation:

The first arena of religious conflict in sixteenth-century Europe was the Protestant Reformation. This movement, led by figures such as Martin Luther and John Calvin, sought to reform the Catholic Church and promote new interpretations of Christianity. The conflict arose as these Protestant reformers challenged the authority and teachings of the Catholic Church, leading to divisions and tensions between Catholics and Protestants.

For example, the posting of Martin Luther's 95 Theses in 1517 criticizing the Catholic Church's practice of selling indulgences sparked widespread debates and protests. This eventually led to the establishment of separate Protestant churches, such as Lutheranism, Calvinism, and Anglicanism, which challenged the religious hegemony of the Catholic Church.

These religious conflicts had significant political, social, and cultural implications for Europe, resulting in wars, persecutions, and the emergence of new religious movements. The conflicts between Catholics and Protestants shaped the religious landscape of Europe and influenced the development of national and regional identities.

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Final answer:

The first arena of religious conflict in sixteenth-century Europe was initiated by Martin Luther's Protestant Reformation in 1517, which led to significant religious and political turmoil, including notable events like the St. Bartholomew's Day Massacre and culminating in the Thirty Years' War.

Explanation:

The first arena of religious conflict in sixteenth-century Europe was sparked by the actions of Martin Luther in 1517. When Luther posted his 95 theses on the door of Wittenburg Cathedral, he criticized the corruption of the Catholic Church, primarily the sale of indulgences and the misinterpretation of scripture, igniting the Protestant Reformation. This marked the beginning of a tumultuous period in European history where religion and politics became deeply intertwined, leading to widespread religious conflicts, such as the St. Bartholomew's Day Massacre and the Thirty Years' War, and significantly altering the religious, political, and artistic landscapes of Europe.

The origins of the Protestant Reformation can be traced to various factors, including intellectual currents of the Renaissance, corruption within the Catholic Church, and the sale of clerical positions. As Protestantism spread, countries responded by reinforcing their own religious beliefs, contributing to the complex history of early globalization, as nation-states sought to extend their influence over new territories. The intertwined nature of religion and politics continued to drive conflicts until the signing of the Treaty of Westphalia in 1648, which finally quelled the discord between Catholics and Protestants on the continent.

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Which religion has the most followers worldwide?
A.)Islam
B.)Christianity
C.)Buddhism
D.)Judaism

Answers

The largest world Religion is B Christianity
B.)Christianity is the answer 

About how long was zheng he's trip from nanjing to mecca

Answers

Admiral Zheng He's trip to Mecca was a part of his seventh world exploration voyage. It lasted for three years and in these three years he went to Mecca after which he brought political envoys back to China. The voyage lasted from 1430 to 1433 but it is unknown when precisely did it end.

What happened to hycinthus after he died?

Answers

Apollo and Hyacinth took turns throwing the discus. Hyacinth ran to catch it to impress Apollo, was struck by the discus as it fell to the ground, and died. A twist in the tale makes Zephyrus responsible for the death of Hyacinth. His beauty caused a feud between Zephyrus and Apollo

Why do you think the british colonies became larger and more successful than the french?

Answers

The French failed basically because they strained to be excessively consolidated or centralized. They tried to keep very close control of their colonies. Since French policies did not allow people from other European countries to come to their colonies. Also, only the nobles could own land, and only Catholics were allowed to come and settle in North America. And they did not allow dissenting French people to come over either. By contrast, the British allowed to have a large degree of self-government. These things attracted many colonists to the British colonies while the French have few.

HELP ASAP!
What advantage did the Zhou Empire’s feudal system offer for the nobles?
The ruler paid the nobles fees for their services.


The ruler provided military protection for the nobles’ land.


Lords avoided local wars by requesting the ruler’s judgment.


Lords profited from peasants working their lands.

Answers

The ruler provided military protection for the nobles’ land.
please give me brainliest

the correct answer is c


How do cabeza de vaca and his men reach the island ? what might their landing on the island seem like a miracle to them?

Answers

Cabeza de Vaca and his men reach the island when a huge wave pushes them onto land. This may seem like a miracle because they did not imagine to survive. When they got to the island, they thanked God they are still alive and then made fire and parched corn.
Final answer:

Cabeza de Vaca and his men likely reached the island by ship, which was typical for explorers of the time. The safe arrival was probably seen as a miracle due to the dangers of sea travel and the hospitality of the indigenous peoples they encountered.

Explanation:

The journey of Álvar Núñez Cabeza de Vaca and his men to reach an island is not specifically detailed in the provided text, but it can be inferred that they arrived by ship, which was common for explorers of that era. Considering the perilous nature of sea voyages in the 16th century, coupled with the vast and unknown oceanic distances, their successful landing on an island could be perceived by them as a miracle. The treacherous conditions at sea, possibility of navigational errors, storms, and shipwrecks would have made any safe arrival a relief and cause for celebration for Cabeza de Vaca and his crew. Moreover, the welcoming and hospitality of the indigenous people, as praised by Cabeza de Vaca in his writings, would add to the sense of miraculous survival in a foreign land.

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What is a common benefit of writing and the wheel

Answers

both made trade easier

Answer:

Both made trade easier, is the right answer.

Explanation:

Wheel in the carts made it possible for people to reach to the far-flung areas of the world. With the help of wheels, people could easily ship their commodities to other communities. At the same time, the invention of writing made it easier for them to keep records of the transactions. Accordingly, the common benefit of writing and the wheel is that both made trade easier.

What needed to be developed so early societies could keep records of extensive trade?

Answers

Writing, Literature, Technology of the tablet, and writing equipment 

These 4 things were needed to help keep records of extensive trades
Final answer:

The development of written script for commerce, standard systems of measurements and large storage facilities were essential progressions in early societies to keep records of extensive trade.

Explanation:

In order to keep accurate records of extensive trade, early societies needed the development of a written script for commerce and recordkeeping, standard systems of measurement for goods and commodities, and storage facilities for the accumulation and redistribution of traded goods. Initially, most territories worked with a system of barter exchange, where goods and services were directly exchanged for other goods and services. Precious metals often served as a medium of exchange, but the weighing and measuring of these goods was necessary during commercial exchanges since coinage as we understand it today did not exist until later.

The development of a written script, such as the one found in the Indus Valley civilization, was vital for trade. This written language consisted of symbols representing ideas, words, and numbers. Scribal records were often kept on clay seals and pottery, which were used to monitor the inflow and outflow of goods to the economic redistribution centers such as palaces and temples. Another major development was the standardization of measurements. Stone cubical weights were used to assess goods in commercial exchanges that required barter. Finally, large storage facilities were required to accommodate the exchange and redistribution of substantial amount of goods from farmers, artisans, and merchants.

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Wegener believed the continents were once together in one huge land mass. what was the name he gave to that large super continent

Answers

Pangaea is the answer

What steps did the american women take to advance their rights in the mid 1800s?

Answers

when the men were drafted into the wars, the women took over their jobs
They started taking over men's jobs when they went off to war. The also publicly protested

What did the people of new england who lived on the coast do for a living?

Answers

They fished and farmed.

In what ways did President Reagan escalate government spending on defense?

Answers

Off the top of my head, there was:

1. SDI, Strategic Defense Initiative aka Star Wars.

2. Increased overall spending on new equipment procurement (600 ship navy, B-1 bomber, M1 Abrams tank, Bradley fighting vehicle, etc.). Conversely, there was no additional funding for operations.

Disclaimer: I was in the Marines from 1982 - 1985

President Reagan escalate government spending on defense by Strategic Defense Initiative.

What is the objective of Strategic Defense Initiative?

Ronald Reagan began to support the Strategic Defense Initiative (SDI) in 1983, which was a significant initiative for missile defense against the Soviet Union.

The goal of this effort was to create a very effective anti-ballistic missile defense system to counter missile assaults from other nations, especially the Soviet Union.

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The Federalist Papers were written to encourage A) the adoption of the Bill of Rights. B) the ratification of the Constitution. C) delegates in Philadelphia to write a new constitution. D) states to send delegates to the Philadelphia Convention.

Answers

The correct answer is B. The ratification of the Constitution

Explanation

The Federalist Papers were a collection of articles and essays written by three different authors in order to ratify the constitution of the United States of America in 1780 as those articles and essays were published in different newspapers as a way to explain New York people the new constitution purposes and invite them to accepted it and ratify it.

Final answer:

The Federalist Papers were written to encourage the ratification of the U.S. Constitution, advocating for a strong, centralized government.

Explanation:

The Federalist Papers were a series of essays written by James Madison, Alexander Hamilton, and John Jay aiming to convince the American people to ratify, or formally approve, the new United States Constitution. Hence, option B) the ratification of the Constitution is correct. The Federalist Papers argued that a strong, centralised government was essential for the survival and success of the United States. They didn't aim to encourage the adoption of the Bill of Rights, nor delegates in Philadelphia to write a new constitution, nor states to send delegates to the Philadelphia Convention.

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According to archaeological records, which civilizations were the first to record measurements

Answers

The earliest records and measurements were from the Sumerian people in the Mesopotamian region, 4000 years before our era, in the Sumerian city of Uruk and the ancient Elamite city of Susa, clay tablets containing measures were found, inscriptions in the language , which for the most part are receipts of various types, also accounts of merchants, which were written 6000 years ago. The cultures of Mesopotamia were the precursors of almost all the current measures, since they decribrieron the geometry, they invented the written language (according to the data obtained until now) and invented the system Sexagesimal.

Another term for peacefulness or calmness is ______.
1 extradition
2 domestic tranquility
3 the right to redress
4 nonpartisan politics

Answers

Domestic tranquility

The correct option is "2 domestic tranquility "

Domestic tranquility is the opposite of a civil war. That is the denomination used for any warlike confrontation where the participants are generally formed by two opposite political axes. Its most common characteristic is that the armed conflict takes place in the same country, facing each other people from the same place (city, town or community) defending, usually, two ideologies or different interests.


The people from Asia who first migrated to the Americas came here by crossing the:





continental divide




Pacific Ocean




Bering Land Bridge




Land Bridge




none of these


Answers

Before I say the answer JEEEEZ the space between the options


The answer should be the third option "Bering Land Bridge" . Hope this helps
(ノ◕ヮ◕)ノ*:・゚✧


Bering Land Bridge is your answer

hope this helps

Chinese who turned to the revolutionary ideas of marx and lenin gained strong support from
a. the united states.
b. jiang jieshi and his nationalist party.
c. japan.
d. the soviet union.

Answers

The answer is D. the soviet union

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Prussian military expert Baron von Steuben contributed primarily to the American war effort in which of the following ways:
Question 2 options:
He trained the Continental Army at Valley Forge.
He secured much-needed supplies from Prussia.
He led a group of soldiers at the Battle of Saratoga.
He donated a large amount of money to the colonists.

Question 3 Unsaved The Indians that fought in the American Revolution usually sided with:
Question 3 options:
British
remained neutral
French
Patriots

Question 4
Unsaved Why was the outcome of the Battle of Saratoga so significant?

Question 4 options:
The French joined the war as an American ally
It marked the end of British presence in the north.
It was the first major victory for the colonists.
It led to victory in the South.

Answers

Prussian military expert Baron von Steuben contributed primarily to the American war effort in which of the following ways:

A. He trained the Continental Army at Valley Forge.

The Indians that fought in the American Revolution usually sided with:

A.British.

Not sure about the last one though

The last one is C, It was the first victory for the colonist

The xyz affair outrage many americans. what was the president john adams initial stance on how to handle the issue select all that apply

Answers

Final answer:

President John Adams's first approach to the XYZ Affair was through peaceful diplomacy, a strategy that changed when American public opinion turned against France; later, he assumed a tougher stand against the French, contributing to the creation of the U.S. Navy and fighting an undeclared Quasi-War with France between 1798 and 1800.

Explanation:

The XYZ Affair was a diplomatic controversy that strained relations between the United States and France toward the end of the 18th century. When correspondence regarding the event became public, the American people were outraged to discover that French emissaries had requested bribes from the United States as a prerequisite for diplomatic negotiations.

President John Adams initially attempted to handle the situation through peaceful diplomatic means, rather than rushing into a war. In response to public fury over the XYZ Affair, Adams released the relevant diplomatic correspondence, wherein the French emissaries were anonymously referred to as X, Y, and Z, to Congress. This move turned American public opinion dramatically against France.

Furthermore, Adams, under the Federalist party banner, assumed a tougher stand against the French, playing a central role in setting up the U.S. Navy, and allegedly fought an undeclared Quasi-War with France between 1798 and 1800.

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The spread of Buddhism into China was most likely the result of

Answers

The spread of Buddhism into China was most likely I believe the result of trading relationships.

I hope this helps you! :)

Answer:

The spread of Buddhism into China was most likely the result of trading relationships.

Explanation:

Buddhism, a cultural system of beliefs and spiritual practices that was originated during the sixth Century BCE in what is today known as Nepal. Buddhism reached China from India, as a result of the trading relationships between both countries, known as the Silk Road that entered the country during the latter part of the Han Dynasty.

The Silk Road was a network of trade that connected the West with the East and that not only represented the creation of economic interctions between different nations, but also the spread of cultural and religious system from one community to another one.

How do rusesabagina's words convey his feelings about the division between Hutus and Tutsis?

Answers

 Rusesabagina's words showed the reason behind the genocide to be the racial hatred.
This was mainly directed to Tutsis who oppressed Hutus for hundreds of years while maintaining the power to themselves.
Based on this,  Rusesabagina's words managed convey his feelings about the division between Hutus and Tutsis.

Public education would be a good example of what kind of power or powers?

Answers

A public education would be a good example of concurrent powers. A concurrent powers is a power that enjoyed by both the state and federal system of government that are shared by both the federal government and each constituent political unit (such as a state or province).

Answer:

Public education is an example of a reserved power.

Explanation:

In US power distribution, there are powers shared by federal goverment and  political administrations, such as the states, and also powers reserved to the states or the federal government.  Regarding the case of public education, this is a reserved power, it means that the creation of public schools and manage public educational system is a responsibility of each one of the  states/provinces and federal government does not need to interfere in this.

How did Darius of Persia maintain control over his empire

Answers

He kept his empire becase He kept his empire because he let people choose whatever religion they wanted.

Darius maintained control over his empire by dividing existing territories into provinces and placing satraps to lead the provinces. Darius began his leadership by creating a good and efficient government and administration system.

 

EXPLANATION  

 

Darius I / Darius the Great was the fourth Persian king. To become a Persian King means to be the King of the Kings in the Achaemenid Empire. Darius ruled at the height of the royal glory. At that time, the kingdom covered most of West Asia, Central Asia, even as far as northern and north-eastern Africa such as Egypt, Libya, and Sudan.

In his system of government, he placed the empire in a better position in accordance with the weight and duties of his work. He was also known to build roads. Through many of these changes, the empire became centralized and efficient. The name Darius is remembered in the books of Zechariah, Haggai, and Ezra-Nehemiah.

Darius ascended the throne to become king by overthrowing Gautama. Gautama was accused of being a corruptor, but this new King was always confronted with rebellions throughout his kingdom. He continued to fight and tried to extinguish them at any time. The big event in Darius's leadership was his decision to punish Athena and Eretria. Both men were accused of providing assistance to the Ionian Rebellion.

Darius began his leadership by creating a good and efficient government and administration system. He governed the kingdom by splitting-up the existing areas into provinces and placing satraps to lead the provinces. Besides, Darius set Achaemenid coins as a currency in their monetary system. At the same time setting currencies, he also made Aramaic the official language of the empire.

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KEYWORD: Achaemenid, Persian, Gautama

Subject: History

Class: 10 – 12  

Subchapter: The Great Darius

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