Monopolistic Competition Is Caused by Customer Preferences, Not Business Manipulation

question 58

True/False

Monopolistic competition is caused by customer preferences, not business manipulation of markets.

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Definitions:

Frequency

The rate at which something occurs over a particular period of time or in a given sample.

Humans

Members of the species Homo sapiens, characterized by their ability to create complex language, culture, and utilize advanced tools.

Sounds

Oscillations that pass through air or a different medium and are perceived when they make contact with an individual's or creature's ear.

Basic Tastes

The human tongue's primary taste sensations which include sweet, sour, salty, bitter, and umami.