Which of the Following Is Not a Key Feature of Monopolistic

question 71

Multiple Choice

Which of the following is not a key feature of monopolistic competition?

• A)Excess capacity
• B)A markup of price over marginal cost
• C)Positive economic profits for firms in the long run
• D)Differentiated products among firms in the market

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Definitions:

Differentiation

In business, the process of making a product or service distinct from competitors in the market, often by emphasizing unique features or benefits.

BCG Matrix

A strategic business tool designed by the Boston Consulting Group to help organizations analyze their product lines or business units for decision-making purposes.

Market Share

The proportion of an industry's sales that a specific company secures.

High-Growth Market

Markets characterized by rapid expansion and increased demand, offering significant opportunities for businesses.