Which of the Following Is Not a Characteristic of Monopolistic

question 135

Multiple Choice

Which of the following is not a characteristic of monopolistic competition?

• A)There are many buyers and sellers.
• B)There are low barriers to entry.
• C)Average revenue is equal to price.
• D)The products sold by all firms are identical.

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Definitions:

Brainstorming

A creative group problem-solving and idea-generation technique where participants suggest ideas without judgment in order to find a solution.

Indirect Approach

A method of communication where the main point is not stated directly at the beginning but revealed gradually.

Evidence

Information or facts used to support a claim, argument, or conclusion.

Main Idea

The central concept or primary point being discussed or communicated.