What Is Monopolistic Competition Characterized By

question 2

Multiple Choice

What is monopolistic competition characterized by?

• A) too few firms, each producing too much
• B) too many firms, each producing too much
• C) too few firms, each producing too little
• D) too many firms, each producing too little

---

Definitions:

Ambiguous

Something unclear or vague that can be understood in more than one way.

Clearly Defined

Described or detailed in a way that leaves no doubt about the meaning or requirements.

Altruistic Behavior

Altruistic behavior is selfless actions done for the benefit of others, without expectation of reward or recognition.

Intentionally Harms

The deliberate infliction of injury or damage to another person or entity.