Which of the Following Is Not a Characteristic of Monopolistic

question 121

Multiple Choice

Which of the following is not a characteristic of monopolistic competition?

• A)Firms are price takers.
• B)There are many buyers and sellers.
• C)Barriers to entry are low.
• D)Firms sell similar, but not identical, products.

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Definitions:

Bacterial Meningitis

A severe infection of the protective membranes covering the brain and spinal cord, typically caused by bacteria, leading to potentially life-threatening inflammation.

Contusion

A medical term for a bruise, caused by bleeding under the skin after an impact.

Abrasion

A superficial injury to the skin or other body tissue caused by rubbing or scraping.

Incision

A surgical wound made by cutting into body tissue.