Because of One Assumption in the Theory of Monopolistic Competition

question 172

Multiple Choice

Because of one assumption in the theory of monopolistic competition, the excess capacity theorem exists. What is the assumption?

• A)There are many sellers and buyers.
• B)Each firm produces and sells a slightly differentiated product.
• C)There is easy entry into the industry.
• D)There is easy exit from the industry.

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Definitions:

Attribution

the process of explaining one's own behavior and the behavior of others, which can influence social perceptions and interactions.

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Clinical features of depression, which may include persistent sadness, loss of interest in previously enjoyable activities, fatigue, and changes in appetite or sleep.

Dynamic Image

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CT

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