Which of the Following Is True About a Monopolistically Competitive

question 75

Multiple Choice

Which of the following is true about a monopolistically competitive industry?

• A)Marginal cost pricing occurs.
• B)There is excess capacity.
• C)Resources are allocated efficiently.

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Definitions:

Extemporaneous Presentation

a speech or presentation delivered without extensive pre-prepared script but often based on some notes or outline.

Extemporaneous Presentation

A speech or presentation delivered with little or no specific preparation, often structured around a brief set of notes or an outline.

Rehearse

The act of practicing a performance or activity ahead of time to ensure it is ready and polished.

Speaking Situation

A scenario in which an individual is required to speak in front of an audience, often to inform, persuade, or entertain.