Under Monopolistic Competition There Are

question 104

Multiple Choice

Under monopolistic competition there are

• A)identical products.
• B)high barriers to entry.
• C)low barriers to entry.
• D)so many firms that no one can control the price.

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Definitions:

Passive Margin

A tectonically inactive edge of a continent along which there is no significant volcanic or earthquake activity, typically characterized by a broad continental shelf.

Compression

The act of pressing together; in geology, it refers to the stress applied to materials causing a decrease in volume or shortening.

Thrust Faulting

A geological process where one rock layer is pushed up over another, often leading to mountain building.

Overriding Plate

The tectonic plate that sits above another plate at a convergent boundary, often responsible for mountain building and volcanic activity.