Which of the Following Represents a Monopolistic Competition

question 168

Multiple Choice

Which of the following represents a monopolistic competition?

• A)One firm completely controls a broad product-market.
• B)Each competitor tries to get control in its "own" target market.
• C)Competitors offer the same marketing mix.
• D)Different marketing mixes are nevertheless seen as the same by all customers.
• E)All customers view various alternatives as substitutes.

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Definitions:

Drawing Account

An account that tracks the money or goods withdrawn from a business by its owners for personal use.

Capital Account

A financial statement that shows the changes in ownership interest of a company over a period.

Noncumulative

Pertains to dividends or other rights that do not accumulate if not paid or exercised in the period they are due.

Dividends in Arrears

Unpaid dividends on cumulative preferred stock which must be paid out before any dividends can be distributed to common stockholders.