One Way in Which Monopolistic Competition Differs from Oligopoly Is

question 119

Multiple Choice

One way in which monopolistic competition differs from oligopoly is that

• A)there are no barriers to entry in oligopolies.
• B)in oligopoly markets there are only a few sellers.
• C)all firms in an oligopoly eventually earn zero economic profits.
• D)strategic interactions between firms are rarely evident in oligopolies.

---

Definitions:

Psychotherapy

A treatment method for mental health disorders and emotional difficulties that involves talking to a psychologist or other mental health provider.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

Frieda Fromm-Reichmann

A psychoanalyst known for her innovative treatment of schizophrenia and exploration of the therapeutic relationship in psychotherapy.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something, fundamental to building relationships and societal structures.