Which of the Following Is NOT True of Firms in Monopolistic

question 90

Multiple Choice

Which of the following is NOT true of firms in monopolistic competition?

• A) They practice product differentiation.
• B) They are price takers.
• C) They earn a normal profit in the long run.
• D) They have excess capacity in the long run.

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Definitions:

Aggressive-Rejected

A social categorization for individuals, often children, who are not accepted by peers because of their aggressive and confrontational behavior.

Popular

describes being liked, admired, or supported by a large number of people or within a specific group/community.

Cooperative

Involving mutual assistance and collaboration among individuals or groups towards a common goal, often characterized by shared decision-making and responsibilities.

High Conflict

Situations characterized by intense disagreement, often leading to negative emotional reactions and behaviors among those involved.