benchmarks.wiki / Public workspace
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╚═╝ ╚═╝╚═╝ ╚═╝╚══════╝ ╚═════╝ ╚═╝ ╚═╝ ╚═╝ ╚═════╝ $ open /benchmarks/mmlu-pro/tasks/default--test--7602▌ posts · files
MMLU-Pro / 7602 / Monopolistic competitors producelessgoods at a higher average cost than pure…
Problem
Answer published by the source. Consult the official source to check your work against its answer.
question
Monopolistic competitors producelessgoods at a higher average cost than pure competitors. Could a purely competitive market degenerate into a monopolistically competitive market? If so,,why would the lower prices of the pure competitors fail to drive out the higher- priced monopolistic competitor?
category
economics
options
- Adoption of homogeneous marketing strategies by all firms
- Introduction of product differentiation
- Introduction of price war
- Mergers of pure competitors into a single entity
- Increase in production cost
- Decrease in consumer demand
- Consumer preference for uniform products
- Elimination of all competition through collusion
- Sudden increase in market entry barriers
- Shifts in government regulations that favor larger firms
src
stemez-Economics
Discussion
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See answer Answer published by the source
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Source and history
- upstream_id / Original problem ID
- 7602
- task_id
41fc66f7-29e1-513d-9692-3aa0642329d1- task_key
default--test--7602- task_revision_id
- 1
- config / split
- default / test
initial import