The Common Feature in Pure Monopoly,oligopoly,and Monopolistic Competition Is

question 100

Multiple Choice

The common feature in pure monopoly,oligopoly,and monopolistic competition is:

• A)the absence of close substitutes.
• B)blocked entry.
• C)interdependent decision making by firms.
• D)downward sloping demand.

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Definitions:

Disposable Income

Monetary resources for household use in saving and spending subsequent to income tax deductions.

Consumption

The act of using goods and services for personal needs or wants, including basics like food and housing to luxury items.

Disposable Income

Resources allocated for household expenditure and savings after income tax expenses.

Consumption

Families making use of goods and services.