Which of the Following Is Always Associated with Monopolistic Competition

question 4

Multiple Choice

Which of the following is always associated with monopolistic competition?

• A) identical products
• B) economic profits in the short run
• C) product differentiation
• D) Demand curves become more inelastic as new entry occurs.

---

Definitions:

Health Act

Legislation aimed at regulating healthcare practices, ensuring public health safety, and providing guidelines for health insurance and services.

Executive Order 11478

Issued by President Nixon in 1969, it mandates equal opportunity in hiring and employment practices for federal employees, regardless of race, color, religion, sex, or national origin.

Affirmative Action

Policies or actions designed to address past discrimination and increase opportunities for historically marginalized groups.

Business Necessity

A legally established reason that allows employers to make decisions that might otherwise be considered discriminatory, such as in hiring or work assignments, if essential for the operation of the business.