Which of the Following Best Illustrates a Firm Operating in a Monopolistically

question 10

Multiple Choice

Which of the following best illustrates a firm operating in a monopolistically competitive industry?

• A) A foreign exchange company sells currencies of different countries at market prices as it cannot differentiate its products from its competitors.
• B) A chain of multiplex theaters, along with its competitor, owns 80 percent of the multiplex market share.
• C) An automobile manufacturer uses branding, pricing, and superior advertising to differentiate itself from a large number of other automobile manufacturers.
• D) A railway company owned by the government of New Darvland owns 100 percent of the railway transport in the country.

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Definitions:

Four-Fifths Rule

A guideline used in the United States to assess discrimination in employment practices, indicating potential bias if a selection rate for any race, sex, or ethnic group is less than four-fifths (80%) of the rate for the group with the highest selection rate.

Discriminatory Content

Material or expressions that unfairly differentiate or prejudice against individuals or groups based on characteristics such as race, gender, age, or religion.

Valuing Diversity

Recognizing, respecting, and leveraging differences in the workforce, such as cultural backgrounds, perspectives, and skills, to foster an inclusive and productive environment.

Safety Concerns

Issues or conditions in a workplace that could potentially cause injury or harm to employees, necessitating preventive measures and compliance with safety regulations.