Which of the Following Is NOT a Characteristic of Monopolistic

question 14

Multiple Choice

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

• A) large number of sellers
• B) differentiated products
• C) advertising
• D) barriers to entry

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Definitions:

Salaries Payable

An account recording the amount owed to employees for services rendered but not yet paid.

Weekly Salaries

Weekly salaries are fixed amounts paid to employees on a weekly basis as compensation for their work.

Salary Expense

The cost incurred by an employer for the payment of salaries to employees, considered an operating expense.

Salaries Payable

Liabilities representing the amounts owed to employees for work performed and not yet paid.