Examlex
Which of the following is not a characteristic of monopolistic competition?
Expected Gain
The predicted benefit or profit derived from an investment or decision, based on probability calculations.
Pooling Risks
The practice of spreading financial risk among a large number of contributors to reduce the risk to individuals.
Insurance Company
A financial institution that offers policies to individuals or entities, offering protection from financial losses in exchange for premiums.
Car Theft
The act of unlawfully taking another's car with the intent to permanently or temporarily deprive the owner of it.
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