Characteristics of Monopolistic Competition Include All of the Following Except

question 118

Multiple Choice

Characteristics of monopolistic competition include all of the following except

• A)significant barriers to entry.
• B)a relatively large number of sellers and buyers.
• C)small market share for each seller.
• D)differentiated products.

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Definitions:

Accounts

Records or statements of financial transactions, reflecting the financial activities of a person or organization.

Negotiable

A term describing an instrument, such as a check or bill of exchange, that can be transferred from one person to another in a manner that the holder in due course acquires a good title.

Handwriting

The act or skill of writing by hand; also refers to an individual's unique style of writing.

Merchants

Individuals or businesses engaged in the trade of goods, services, or commodities for profit.