Which of the Following Is a Similarity Between Monopolistic Competition

question 37

Multiple Choice

Which of the following is a similarity between monopolistic competition and monopoly?

• A) Both can expect positive long-run economic profits.
• B) Both have perfectly elastic demand curves.
• C) Both charge a price in excess of marginal cost.
• D) Both are protected by a barrier to entry.

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Definitions:

Gametophyte

A stage in the life cycle of plants and algae that is haploid and produces gametes.

Pollen Tube

A long, slender growth from a pollen grain that penetrates the ovule, allowing the sperm to fertilize the egg in plants.

Foreign Plant Species

Plant species that are introduced to a region where they are not native, often leading to ecological changes or disruptions.

Nuclei

Membrane-bound organelles found in eukaryotic cells that contain the cell's genetic material.