A Major Characteristic of Monopolistic Competition Is

question 130

Multiple Choice

A major characteristic of monopolistic competition is:

• A) mutual interdependence.
• B) a high degree of collusion among firms.
• C) a relatively large number of firms selling the product.
• D) relatively easy entry into an industry but a relatively difficult exit from the industry.

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Definitions:

Positive Messages

Communications that convey optimistic, encouraging, or affirmative information or sentiments.

Routine Message

Regular, everyday communications that convey standard information in business or personal contexts.

Complete Explanation

Providing thorough and comprehensive details that leave no aspect of a topic or question unaddressed.

Follow-Up Required

Indicates that additional actions, checks, or communications are necessary to complete a task, resolve an issue, or ensure outcomes.