Which of the Following Is NOT a Characteristic of Monopolistic

question 40

Multiple Choice

Which of the following is NOT a characteristic of monopolistic competition?

• A) a large number of sellers in a highly competitive market
• B) differentiated products
• C) the existence of advertising
• D) marginal cost pricing in the long run

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Definitions:

Control Group

In experimental research, a group of subjects that do not receive the experimental treatment, serving as a comparison for evaluating the effect of the treatment.

Experimental Treatment

A procedure or therapy that is being tested and has not yet been proven effective.

Autonomy

The capability of an individual or system to make decisions independently, without external influence or control.

Experimental Group

A group within an experiment that receives the treatment or intervention under investigation to test its efficacy or effects.