Which of the Following Is Not a Characteristic of Monopolistic

question 135

Multiple Choice

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

• A)There are many buyers and sellers.
• B)There are low barriers to entry.
• C)Average revenue is equal to price.
• D)The products sold by all firms are identical.

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Definitions:

Color Afterimages

Visual illusions where an image continues to appear in one's vision after exposure to the original image has ceased, typically in complementary colors.

Hammer

A tool typically used to drive nails into, or pull them from, some other object, usually consisting of a handle and a heavy head used to deliver an impact.

Bones

The rigid organs that form part of the endoskeleton of vertebrates, providing support, protection, and aiding in movement by forming levers for muscles to act upon.

Cochlea

A spiral-shaped, fluid-filled inner ear structure that is responsible for converting sound waves into nerve impulses.