The Problem of Wasteful Duplication in Monopolistic Competition Is Due

question 101

Multiple Choice

The problem of wasteful duplication in monopolistic competition is due to:

• A)excess capacity.
• B)a lack of physical and human capital.
• C)barriers to entry.
• D)the lack of close substitutes for products produced by monopolistically competitive firms.

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Definitions:

Primary Reinforcer

A reinforcer that fulfills a basic physical need for survival and does not depend on learning.

Unconditioned Stimulus

A stimulus that naturally triggers a response without any need for learning.

Meat Powder

A powdered form of meat used primarily for nutritional supplementation and as a food ingredient.

Conditioned Reflexes

Learned responses elicited by specific stimuli due to the association of those stimuli with a particular outcome.