9. In a perfectly competitive market, the type of decision a firm has to make is different in the short run than in the long run. Which of the following is an example of a perfectly competitive firm's short-run decision? A. The profit-maximizing level of output B. Whether or not to enter or exit an industry C. What price to charge buyers for the product D. How much to spend on advertising and sales promotion 10. In perfect competition, a firm maximizes profit in the short run by deciding A. What price to charge. B. How much capital to use. C. How much output to produce. D. Whether or not to enter a market. 11. In monopolistic competition, each firm supplies a small part of the market. This occurs because A. There are barriers to entry. B. There are no barriers to entry. C. There are a large number of firms. D. Firms produce differentiated products. 12. In monopolistic competition, the products of different sellers are assumed to be A. Identical perfect substitutes. B. Similar but slightly different. C. Either identical or differentiated. D. Unique without any close or perfect substitutes. 13. Which of the following is different about perfect competition and monopolistic competition? A. In monopolistic competition, entry into the industry is unblocked. B. Perfect competition has a large number of independently acting sellers. C. Only firms in monopolistic competition can earn an economic profit in the short run. D. Firms in monopolistic competition compete on their product's price as well as its quality and marketing. 14. In an industry with a large number of firms, A. Collusion is impossible. B. Competition is eliminated. C. One firm will dominate the market. D. Each firm will produce a large quantity, relative to market demand. m 15. Which of the following is an example of a monopolistically competitive industry? A. wheat farming B. colleges and universities C. the local electricity producer D. the domestic automobile producing industry

Question

9. In a perfectly competitive market, the type of decision a firm has to make is different in the short run than in the long run. Which of the following is an example of a perfectly competitive firm's short-run decision? A. The profit-maximizing level of output B. Whether or not to enter or exit an industry C. What price to charge buyers for the product D. How much to spend on advertising and sales promotion 10. In perfect competition, a firm maximizes profit in the short run by deciding A. What price to charge. B. How much capital to use. C. How much output to produce. D. Whether or not to enter a market. 11. In monopolistic competition, each firm supplies a small part of the market. This occurs because A. There are barriers to entry. B. There are no barriers to entry. C. There are a large number of firms. D. Firms produce differentiated products. 12. In monopolistic competition, the products of different sellers are assumed to be A. Identical perfect substitutes. B. Similar but slightly different. C. Either identical or differentiated. D. Unique without any close or perfect substitutes. 13. Which of the following is different about perfect competition and monopolistic competition? A. In monopolistic competition, entry into the industry is unblocked. B. Perfect competition has a large number of independently acting sellers. C. Only firms in monopolistic competition can earn an economic profit in the short run. D. Firms in monopolistic competition compete on their product's price as well as its quality and marketing. 14. In an industry with a large number of firms, A. Collusion is impossible. B. Competition is eliminated. C. One firm will dominate the market. D. Each firm will produce a large quantity, relative to market demand. m 15. Which of the following is an example of a monopolistically competitive industry? A. wheat farming B. colleges and universities C. the local electricity producer D. the domestic automobile producing industry​

lightingstar12 · Answer

Answer:A D C B A D D I not sure but I hope it helps

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9. In A Perfectly Competitive Market, The Type Of Decision A Firm Has To Make…

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