All of the Following Are Characteristics of a Monopolistically Competitive

question 25

Multiple Choice

All of the following are characteristics of a monopolistically competitive industry EXCEPT

• A) homogeneous products.
• B) many firms.
• C) low barriers to entry and exit.
• D) sales promotion and advertising.

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Definitions:

Electrons

Subatomic particles with a negative electrical charge, found orbiting the nucleus of an atom.

Ionic Bonding

A chemical bond formed between two ions with opposite charges through the transfer of electrons.

Electrons

Negatively charged subatomic particles that orbit the nucleus of an atom, involved in chemical bonds and electricity.

Transferred

Moved or shifted from one place, person, or thing to another.