In Monopolistic Competition, Firms Do Not Have to Produce Innovative

question 189

True/False

In monopolistic competition, firms do not have to produce innovative products because they have downward-sloping demand curves.

---

Definitions:

Genetically Engineered

Refers to organisms whose genetic material has been artificially manipulated in a laboratory through genetic engineering techniques, often to express desired traits.

UV Radiation

Electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, capable of causing chemical reactions and damaging living tissues.

Oxygen

A reactive, life-supporting component of the air, primarily required for cellular respiration in aerobic organisms.

Gene Silencing

The process by which the expression of a gene is prevented or reduced, typically through natural cellular mechanisms.