In Monopolistic Competition, Firms Can Compete in Terms of

question 23

Multiple Choice

In monopolistic competition, firms can compete in terms of

• A)price.
• B)quality of product.
• C)service.
• D)location.
• E)all of the above

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Definitions:

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how these affect matter.

Energy

The capacity to do work; expressed in kilojoules or kilocalories.

Irreplaceable

Something that cannot be replaced or substituted because of its unique qualities or significance.

Free Energy Change

A measure in thermodynamics indicating the amount of energy in a system that is available for work during a chemical reaction.