All of the Following Are Characteristics of Monopolistic Competition Except

question 7

Multiple Choice

All of the following are characteristics of monopolistic competition except which one?

• A)no barriers to entry
• B)many sellers
• C)firms produce differentiated products
• D)barriers to entry

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Definitions:

Proximity Sensor

A sensor that detects the presence of nearby objects without any physical contact, often used in industrial applications to detect the position of parts and materials.

Circuit

A closed path through which electric current flows, or may flow, including all active and passive components it comprises.

Bar Code Scanners

Devices used to read the information contained in a bar code, translating the bar code's data pattern into a readable format for computers.

Data Collection

The process of gathering and measuring information on targeted variables in an established system, which then enables one to answer relevant questions and evaluate outcomes.