All of the Following Are Characteristics of Monopolistic Competition Except

question 93

Multiple Choice

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

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

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Definitions:

Nitrogen Cycle

The series of processes by which nitrogen and its compounds are interconverted in the environment and in living organisms, including nitrogen fixation and decomposition.

Timber-Harvesting

The process of cutting down trees and transporting them to be processed into wood products or used as fuel.

Net Primary Productivity

The rate at which all the plants in an ecosystem produce net useful chemical energy.

Ecosystems

Complex networks of interacting organisms and their physical environment, functioning as a single unit through cycles of matter and energy flows.