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:

Withdrawal

The action of removing oneself from participation in an activity, situation, or group, often as a means of coping or protest.

Progression

refers to the process of developing, advancing, or moving forward, whether in terms of career, skills, or achievements.

Withdrawal

A psychological or physical retreat from a situation, relationship, or obligation.

Progression

Refers to the act of moving forward or advancing towards a more developed state or stage.