These answers are not correct, I dont know if they are correct or not, I mostly

Question

These answers are not correct, I dont know if they are correct or not, I mostly guessed them. please give me the right ones. please check my other questions.

Because of the existence of a large number of similar but not identical substitutes in most communities, the market for chiropractors is best considered to be: a perfect competition. an oligopoly. monopolistically competitive. a monopoly. If the toothpaste market is monopolistically competitive, product differentiation will take place in which of the following ways? the production of different varieties of toothpaste, including those with whitening agents differentiation in the locations where certain toothpastes are available quality differences among the various brands the production of different varieties of toothpaste, including those with whitening agents, differentiation in the locations where certain toothpastes are available, and quality differences among the various brands The profit-maximizing rule MC = MR is followed by firms operating within: both monopolistic competition and perfect competition. monopolistic competition but not perfect competition, perfect competition but not monopolistic competition. either monopolistic competition or perfect competition, depending on the costs of production. Product differentiation under monopolistic competition means that each firm: faces a downward-sloping demand curve. charges the same price, receives economic profits, maximizes profit where MC = P.

Explanation / Answer

21 C

22 D

23 A

24 D

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