Which of the Following Is Not a Characteristic of Monopolistic

question 1

Multiple Choice

Which of the following is not a characteristic of monopolistic competition?

• A)The market is fragmented.
• B)There is free entry and exit.
• C)In the long-run equilibrium, firms earn positive profits.
• D)Firms produce horizontally differentiated products.

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Definitions:

Conditional

Relating to conditions or stipulations that affect the outcome of an event or action.

Carl Rogers

An influential American psychologist and one of the founders of the humanistic approach to psychology, known for his theory of personality and development, and for creating client-centered therapy.

Incongruent

Pertaining to elements or situations that do not align or are mismatched, often resulting in confusion or cognitive dissonance.

Self-actualize

The process of realizing and fulfilling one's own potential and capabilities.