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Which of the following is not a characteristic of monopolistic competition?
Net Present Value
A calculation that represents the difference between the present value of cash inflows and the present value of cash outflows over a period of time.
Debt-to-Assets Ratio
A financial ratio indicating the percentage of a company's assets that are financed through debt.
Flotation Costs
Expenses incurred by a company when it issues new securities, including fees for underwriting, legal counsel, and registration.
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