The Monopolistic Competition Market Structure Is Characterised By

question 18

Multiple Choice

The monopolistic competition market structure is characterised by:

• A) many small firms and an easy market entry and exit.
• B) many firms and consumers with differentiated products.
• C) many small firms and a homogeneous product.
• D) few firms and a homogeneous product.

---

Definitions:

Align Bottom Center

The action or setting in graphic or document software that aligns text or objects at the bottom of a given space, centered horizontally.

Align Center Right

Adjusting text or objects to be centered towards the right side of a container or page.

Sort

The action or process of arranging items in a systematic order or sequence based on certain criteria.

Show/Hide ¶

A feature in word processing software that allows users to display or conceal hidden formatting symbols, such as paragraph marks, spaces, and tabs, to aid in the editing process.