Some Markets Have Many Buyers and Sellers but Fall into the Category

question 118

Multiple Choice

Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition.The most common reason for this is

• A)there are high barriers to entering these markets.
• B)firms in these markets sell identical products.
• C)firms in these markets make high profits.
• D)firms in these markets do not sell identical products.

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Definitions:

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Features or characteristics of faces that are aesthetically pleasing and appeal to the evolutionary or social preferences of an observer.

Parental Investment

The time and energy that a parent invests in raising their offspring, which influences the survival and reproductive success of the offspring.

Time and Effort

The investment of personal resources, including temporal duration and physical or mental labor, towards achieving a goal or task.

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Variabilities in individuals' patterns of thinking, feeling, and behaving that distinguish them from others.