Which of the Following Is NOT a Characteristic of Firms

question 62

Multiple Choice

Which of the following is NOT a characteristic of firms in a monopolistically competitive market?

• A) advertising
• B) differentiated products
• C) ease of entry and exit
• D) existence of significant economies of scale

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Definitions:

Sufficient

Enough to meet the needs of a situation or a proposed end.

Practical Intelligence

Refers to the ability to solve everyday problems by utilizing knowledge gained from experience in contrast to academic or book knowledge.

Corporate Manager

An individual who is in charge of overseeing the operations and making decisions within a company or organization.

Academic Intelligence

Refers to the ability to achieve success in school and other educational settings, focusing on skills like understanding, applying knowledge, and problem-solving within academic disciplines.