Which of the Following Is NOT a Feature of Monopolistic

question 275

Multiple Choice

Which of the following is NOT a feature of monopolistic competition?

• A) significant numbers of sellers in a highly competitive market
• B) differentiated products
• C) sales promotion and advertising
• D) inability of firms to enter or exit the market

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Definitions:

Henry Ford

An American industrialist and founder of the Ford Motor Company who revolutionized factory production with his assembly line methods, significantly impacting the automobile industry.

Negotiated Settlement

A resolution reached through direct negotiations between parties, often used in legal disputes, conflicts, or diplomatic disagreements.

Slavic Ally

Refers to a country or ethnic group of Slavic origin that acts as a cooperative partner or supporter to another entity in political or military endeavours.

Serbia

A country located in the Balkans region of Europe, known for its rich history, cultural heritage, and as one of the successor states of the former Yugoslavia.