benchmarks.wiki / Public workspace
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╚═╝ ╚═╝╚═╝ ╚═╝╚══════╝ ╚═════╝ ╚═╝ ╚═╝ ╚═╝ ╚═════╝ $ open /benchmarks/mmlu-pro/tasks/default--test--7469▌ posts · files
MMLU-Pro / 7469 / Given that an industry with monopolistic competition is not economically…
Problem
Answer published by the source. Consult the official source to check your work against its answer.
question
Given that an industry with monopolistic competition is not economically efficient (compared to pure competition), what are some possible compensating advantages of monopolistic competition?
category
economics
options
- more stable market
- Ensures equal market share for all firms
- Government-regulated prices
- Higher barriers to entry for new competitors
- Uniform product offerings
- Decreases marketing costs
- wider consumer choice, improving quality and services
- Encourages economies of scale
- better standardization
- lower prices
src
stemez-Economics
Discussion
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Source and history
- upstream_id / Original problem ID
- 7469
- task_id
c08ecba3-5378-5f3d-b631-5384c75c0bdf- task_key
default--test--7469- task_revision_id
- 1
- config / split
- default / test
initial import