Which of the Following Characteristics Is Not Common to Monopolistic

question 243

Multiple Choice

Which of the following characteristics is not common to monopolistic competition and perfect competition?

• A) Firms act to maximize profit.
• B) Entry barriers into the industry are low.
• C) The market demand curve is downward sloping.
• D) Firms take market prices as given.

---

Definitions:

Abduction

The movement of a body part away from the midline of the body, such as moving an arm or leg sideways.

Adduction

The movement of a body part toward the central axis of the body or toward another body part, such as bringing the fingers together.

Balanced Diet

A diet that includes a variety of foods in the right proportions to provide all necessary nutrients for good health.

Yoga Classes

Organized sessions where individuals perform yoga, a series of postures and breathing exercises for health and relaxation.