Monopolistic Competition Is a Market Structure in Which

question 21

Multiple Choice

Monopolistic competition is a market structure in which

• A) a small number of firms compete.
• B) firms produce identical products.
• C) firms compete only on product price.
• D) firms are free to enter and exit the market.

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Definitions:

Arlie Hochschild

An American sociologist known for her studies on emotional labor, gender roles, and family dynamics.

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