Question

in both competitive markets and oligopolies there is much advertising or non - price competition.
true
false
question 2
1 pts
there is ease of entry in select market structures.
question 3
1 pts
market structures with significant to total barriers of entry are
competitive markets and monopolies.
oligopolies and monopolies.
monopolistic competition and oligopolies.
monopolistic competition and oligopolies.

Explanation:

Question 1

In competitive (perfectly competitive) markets, firms are price takers and there is little to no advertising or non - price competition as products are homogeneous. In oligopolies, there can be non - price competition, but not "much" in the same way as monopolistic competition. So the statement is false.

Perfectly competitive markets and monopolistic competition have ease of entry. In perfectly competitive markets, there are no significant barriers to entry, and in monopolistic competition, while there are some product differentiation aspects, entry is relatively easy compared to oligopolies and monopolies. If we consider the common market structures with ease of entry, perfectly competitive (and monopolistic competition) are the ones. But since the dropdown is to be filled, the typical market structures with ease of entry are perfectly competitive and monopolistic competition. However, if we have to pick one from the common options (assuming the dropdown has options like perfectly competitive, monopolistic competition, oligopoly, monopoly), the answer would be perfectly competitive (or monopolistic competition). But since the original question's dropdown is not showing options, but based on theory, the market structures with ease of entry are perfectly competitive and monopolistic competition.

Oligopolies have significant barriers to entry (due to factors like economies of scale, brand loyalty, access to technology), and monopolies have total barriers to entry (as there is only one firm and new firms cannot enter). Competitive markets have no barriers to entry, and monopolistic competition has low barriers to entry. So the market structures with significant to total barriers of entry are oligopolies and monopolies.

Answer:

False

Question 2