In Both Monopolistically Competitive and Perfectly Competitive Industries

question 218

Multiple Choice

In both monopolistically competitive and perfectly competitive industries

• A)firms produce products for which there are no close substitutes.
• B)there are high barriers to entry.
• C)there are many buyers and sellers.
• D)firms are price takers.

---

Definitions:

Original Investment

The initial sum of money put into a project, business, or financial asset.

Venture Growth

The process of expanding a business venture in terms of operations, market share, and profitability.

Aspiring Entrepreneur

An individual who aims to start and run their own business, often fueled by a passion for innovation and self-employment.

Due Diligence

The thorough investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or a financial transaction.