If the Toothpaste Market Is Monopolistically Competitive, Product Differentiation Will

question 180

Multiple Choice

If the toothpaste market is monopolistically competitive, product differentiation will take place in which of the following ways?

• A)the production of different varieties of toothpaste, including those with whitening agents
• B)differentiation in the locations where certain toothpastes are available
• C)quality differences among the various brands
• D)the production of different varieties of toothpaste, including those with whitening agents, differentiation in the locations where certain toothpastes are available, and quality differences among the various brands

---

Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, preparing the accounts for the next period.