Which of the Following Is NOT True of Firms in Monopolistic

question 108

Multiple Choice

Which of the following is NOT true of firms in monopolistic competition?

• A) They are price takers.
• B) They practice product differentiation.
• C) They have excess capacity in the long run.
• D) They earn a normal profit in the long run.

Recognize the importance of self-concept and its influence on personal life quality.

Understand the primary goal of human beings according to S.I. Hayakawa.

Acknowledge the contributions of different personality types in creating a balanced and effective work environment.

Grasp the importance of social contact traits in service-oriented jobs.

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