Which of the Following Is Not a Characteristic of Monopolistic

question 61

Multiple Choice

Which of the following is not a characteristic of monopolistic competition?

• A)a large number of sellers
• B)firms are price takers
• C)free entry into the market
• D)a differentiated product

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Definitions:

Yoplait

A global brand of yogurt produced by Yoplait, known for its wide range of flavoured dairy products.

Consumer Bias

The predispositions or subjective preferences that influence a consumer's purchasing behavior, often leading to irrational or suboptimal decision-making.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Environmental Scanning

is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions and strategies.