One of the Major Benefits to Society of Monopolistic Competition

question 145

Multiple Choice

One of the major benefits to society of monopolistic competition is

• A) high prices.
• B) restricted output.
• C) product differentiation.
• D) the excess capacity.
• E) the markup.

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Definitions:

Faulty Response

An incorrect or inappropriate reaction or answer given in response to a question, situation, or stimulus.

Direct Coping

A method of dealing with stress by tackling problems head-on and attempting to solve them directly.

Indirect Coping

Strategies that involve dealing with stress and problems in a less direct manner, such as through avoidance, distraction, or seeking support from others.

Defensive Coping

Strategies employed to protect oneself from psychological harm by minimizing stress or conflict.