As customers switch from renting DVDs to downloading or streaming movies from

As customers switch from renting dvds to downloading

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104) As customers switch from renting DVDs to downloading or streaming movies from the Internet,Netflix will likely find itA) easier to remain profitable as they face less competition with streaming movies than withmail order DVD rental.B) harder to remain profitable as they face more competition with streaming movies than withmail order DVD rental.C) easier to remain profitable as they face more competition with streaming movies than withmail order DVD rental.D) harder to remain profitable as they face less competition with streaming movies than withmail order DVD rental.Answer: B104)Diff: 1Page Ref: 444-445/444-445Topic: Product DifferentiationLearning Outcome: Micro 15: Discuss the role of differentiation in monopolistic competition in comparison toother market conditionsAACSB: Reflective Thinking105) In long-run equilibrium, compared to a perfectly competitive market, a monopolisticallycompetitive industry produces a ________ level of output and charges a ________ price.105)Diff: 2Page Ref: 444/444Topic: Comparing Perfect Competition and Monopolistic CompetitionLearning Outcome: Micro 15: Discuss the role of differentiation in monopolistic competition in comparison toother market conditionsAACSB: Reflective Thinking106) Long-run equilibrium in a monopolistically competitive market is similar to long-run equilibriumin aperfectly competitive market in that in both markets, firms106)Diff: 1Page Ref: 444/444Topic: Comparing Perfect Competition and Monopolistic CompetitionLearning Outcome: Micro 15: Discuss the role of differentiation in monopolistic competition in comparison toother market conditionsAACSB: Reflective Thinking107) If a monopolistically competitive firm has excess capacity107)Diff: 2Page Ref: 444/444Topic: Excess CapacityLearning Outcome: Micro 15: Discuss the role of differentiation in monopolistic competition in comparison toother market conditionsAACSB: Reflective Thinking34
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