One of the Similarities Between Monopolistic Competition and Oligopolies Is

question 80

Multiple Choice

One of the similarities between monopolistic competition and oligopolies is that they both

• A) have significant barriers to entry.
• B) earn economic profit in the long run.
• C) are examples of imperfect competition.
• D) set price equal to average total cost in the long run.

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Definitions:

Miscellaneous Expense

Small, often irregular costs that don't fit into a specific category within a company's financial statements.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, banking supervision, and financial services.

Parties to a Check

The individuals or entities involved in a check transaction, including the drawer, payee, and drawee.

Maker

The party in a promissory note who is making the promise to pay.