A Characteristic of Monopolistic Competition Is

question 225

Multiple Choice

A characteristic of monopolistic competition is

• A) product differentiation.
• B) a high capital-output ratio.
• C) a low ratio of fixed costs to variable costs.
• D) the absence of advertising.

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Definitions:

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A country in North America known for its vast landscapes, multicultural diversity, and as the second-largest country in the world by total area.

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