Which of the Following Is NOT a Feature of Monopolistic

question 275

Multiple Choice

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

• A) significant numbers of sellers in a highly competitive market
• B) differentiated products
• C) sales promotion and advertising
• D) inability of firms to enter or exit the market

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Definitions:

GDP Deflator

A scale for assessing the cost of all newly manufactured, domestic final goods and services in a country's economy.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation, reflecting the true value of goods and services produced.

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

National Income

The total value of all goods and services produced by a country's economy over a specific period, including income received from abroad.