Which of the Following Is NOT a Characteristic of Firms

question 62

Multiple Choice

Which of the following is NOT a characteristic of firms in a monopolistically competitive market?

• A) advertising
• B) differentiated products
• C) ease of entry and exit
• D) existence of significant economies of scale

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Definitions:

Reporting Period

The specific time frame for which financial performance is measured and reported in financial statements.

Unpaid Contributions

Amounts due to a fund or organization, such as a pension or insurance plan, that have not been paid by the deadline.

Long Service Leave

An employee benefit that grants extended paid leave for workers who have been with their employer for a long period.

Nominal Value

The face value of a bond or stock, which is the amount paid at maturity, not necessarily its current market value.