Which of the Following Is a Characteristic of Monopolistic Competition

question 70

Multiple Choice

Which of the following is a characteristic of monopolistic competition?

• A) A small number of sellers.
• B) Supernormal profits in the long run.
• C) Free entry and exit of firms.
• D) A small number of buyers.

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Definitions:

Food Chain

A sequence that displays the feeding relationships between organisms, showing how energy and nutrients flow from one organism to another.

Energy Flow

The transfer of energy through a community of organisms by the feeding of one organism on another.

Biomass Reduction

A decrease in the total mass of organisms in a particular area, ecosystem, or trophic level over time, often due to environmental pressures or exploitation.

Gross Primary Productivity

The total rate at which an ecosystem's producers, like plants, convert solar energy into organic substances through photosynthesis.