In a Monopolistically Competitive Industry,there Are Many Firms Because

question 47

Multiple Choice

In a monopolistically competitive industry,there are many firms because

• A) there are relatively large economies of scale.
• B) there are relatively small economies of scale.
• C) individual firms are not distinguishable from the total market.
• D) products are easily produced.

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Definitions:

Sunglasses

Eyewear designed to protect the eyes from harmful ultraviolet rays and glare, often also serving as a fashion accessory.

Compliment Close

A sales technique where the salesperson compliments the prospect to create a positive atmosphere and encourage a sale.

Summary-Of-Benefits

A concise outline highlighting the advantages or positive aspects of a product or service, intended to persuade potential buyers.

Continuous-Yes Close

A closing technique in sales where the seller asks a series of questions designed to get affirmative answers, leading to a final agreement to buy.