Which of These Is a Downside of Monopolistic Competition and Oligopolies

question 64

Multiple Choice

Which of these is a downside of monopolistic competition and oligopolies?

• A) market power
• B) higher trade barriers
• C) higher transportation costs
• D) higher input prices

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Definitions:

Short-Term Memory

A temporary storage system in the brain for holding a small amount of information in an easily accessible state for a short period.

Engrams

Hypothetical physical or biochemical changes in the brain that represent memories.

Memory Span

The number of items, usually words or numbers, that a person can retain and recall in correct order.

Memory Span

The capacity to hold a small amount of information in mind in an active, readily available state for a short period.