A Characteristic of Monopolistic Competition Is

question 225

Multiple Choice

A characteristic of monopolistic competition is

• A) product differentiation.
• B) a high capital-output ratio.
• C) a low ratio of fixed costs to variable costs.
• D) the absence of advertising.

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Definitions:

Lower Income Strata

A demographic group that earns significantly less income than the average, often facing economic challenges and reduced access to resources.

Trivial Matters

Issues or subjects that are of little importance or significance.

Stalking

Persistent and unwanted attention by one individual towards another, leading to fear or distress.

Counteract

To act against something to reduce its force or neutralize its effects.