Advanced Placement (AP) College

Which of the following items apply to monopoly (choose 2)? HELP NOW PLS


firms are price setters


some barriers to entering the market


high barriers to entering the market


firms are price searchers


firms are price takers


no barriers to entering the market

Answers

Answer 1

The options of the items that apply to a monopoly:

Firms are price settersHigh barriers to entering the market

What is the monopoly?

One company has control of a market in a monopoly.  This means that company gets to choose the prices of its products all by itself. If no other companies are competing, one company can choose how much they want to charge for their product.

So, It's hard for new companies to start competing with a monopoly because there are big obstacles to getting into the market. These obstacles can be things like laws, trademarks, buying things in bulk, etc.

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Related Questions

Which of the following items apply to monopolistic competition (choose 3)?

Answers

The three characteristics typically associated with monopolistic competition are:
a) Many sellers offering differentiated products
c) Barriers to entry and exit
e) Price-setting power for individual firms.


Monopolistic competition is characterized by the following three key features:

a) Many sellers offering differentiated products: In monopolistic competition, there are numerous sellers in the market, each offering products that are differentiated in terms of quality, branding, or other attributes. This product differentiation allows firms to have some control over pricing and market positioning.c) Barriers to entry and exit: Monopolistic competition typically involves relatively low barriers to entry, meaning new firms can enter the market easily. However, there might still be some barriers such as brand loyalty, advertising costs, or economies of scale that make it challenging for firms to enter or exit the market quickly.e) Price-setting power for individual firms: Firms in monopolistic competition have some degree of price-setting power. Due to product differentiation, each firm has the ability to influence its price based on factors like brand image, perceived quality, and competition in the market. However, this power is limited as there are close substitutes available from other firms.

These characteristics distinguish monopolistic competition from other market structures like perfect competition (where products are homogeneous) or monopoly (where there is a single seller with significant market power).
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The complete question may be like:

Which of the following characteristics are typically associated with monopolistic competition? Choose three.

a) Many sellers offering differentiated products

b) Perfectly elastic demand curve

c) Barriers to entry and exit

d) Homogeneous products

e) Price-setting power for individual firms

f) High degree of market concentration

1. List two ways that the FAFSA4caster can help students and their families plan for college. (2
points)
1.
2.
2. What does SAR stand for and what is it? (2 points)
3. List two types of financial aid that may appear on a college's award letter. (2 points)
1.
2.
4. How much does it cost to submit the CSS/PROFILE and send a report to one college or scholarship
program? How much does each additional report cost? (2 points)
5. How can you position yourself to receive as many scholarship offers as possible? (2 points)

Answers

Answer:

1. List two ways that the FAFSA4caster can help students and their families plan for college.

1. Determine what schools are affordable for you that you should apply to.

2. Make adjustments to your financial situation that allow you to qualify for more federal student aid.

2. What does SAR stand for and what is it? - Specific Absorption Rate and it measures how much radiation is absorbed by the human body under the worst circumstances.

3. List two types of financial aid that may appear on a college's award letter.

1. Need-based grants, including institutional grants, as well as Pell Grants and Federal SEOG Grants. These grants do not need to be repaid.

2. Merit-based scholarships that you have been awarded by the institution. You do not need to repay merit scholarships.

4. How much does it cost to submit the CSS/PROFILE and send a report to one college or scholarship program? How much does each additional report cost? - Unlike the FAFSA, the CSS Profile isn't free. Be prepared for the following costs $25 to submit your CSS profile to a single college or scholarship program. $16 for each additional profile submission.

5. How can you position yourself to receive as many scholarship offers as possible?

1. Treat scholarship applications like a job Finding and applying for scholarships can be time-consuming.2. The more involved, the less competition.3. Look for local scholarships.4. Find scholarships that fit your unique personality.
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