One Way in Which Monopolistic Competition Differs from Oligopoly Is

question 136

Multiple Choice

One way in which monopolistic competition differs from oligopoly is that:

• A) there are no barriers to entry in oligopolies
• B) all oligopoly firms eventually earn zero economic profits
• C) strategic interactions between firms are rarely evident in oligopolies
• D) in oligopoly markets there are only a few sellers

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Definitions:

Axons

Long, threadlike parts of nerve cells along which impulses are conducted from the cell body to other cells.

Propagating Action Potential

The process by which an electrical impulse travels along the length of a neuron, enabling communication within the nervous system.

Myelin

A fatty substance that surrounds and insulates nerve fibers, increasing the speed at which electrical impulses are conducted.

Conduction Speed

The rate at which an electrical impulse travels along a nerve or muscle fiber.