Which of the Following Features Is Characteristic of Monopolistic

question 10

Multiple Choice

Which of the following features is characteristic of monopolistic
Competition?

• A)many large producers
• B)homogeneous products
• C)differentiated products
• D)No individual producer has any influence on the market price.

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Definitions:

Natural Resources

Resources that exist without the actions of humankind, originating from the Earth and its environment, such as water, air, soil, minerals, and forests.

Capital

Production inputs consisting of technology, tools, information, and physical facilities.

Human Resources

The department within an organization that manages all matters related to employees, including hiring, training, development, and compliance with labor laws.

Social Responsibility

The obligation of an entity, individual or corporate, to act for the benefit of society at large, balancing profit-making with activities that benefit the community.