In Monopolistic Competition,there Are ________ Barriers to Entry and So

question 59

Multiple Choice

In monopolistic competition,there are ________ barriers to entry and so firms in monopolistic competition ________ earn an economic profit in the long run.

• A)high;can
• B)high;cannot
• C)no;can
• D)no;cannot
• E)sometimes;can sometimes

Analyze the effects of certain study strategies on memory consolidation and recall.

Understand the concept and applications of experiential retailing.

Identify the elements that contribute to a store's atmosphere.

Recognize the importance of multi-tasking in modern consumer behavior.

---

Definitions:

Service Quality Standards

Benchmarks established to ensure services meet customer expectations and requirements, fostering customer satisfaction and loyalty.

Delivery Gap

A discrepancy between a company's service delivery standards and the actual service delivered, often leading to customer dissatisfaction.

Positive Word of Mouth

The spread of favorable information and recommendations about a product, service, or brand through conversations among consumers.

Empowerment Gap

The difference between what customers expect in terms of control and influence over a service, and what they perceive they actually receive.