A Good Example of a Monopolistic Competitive Industry Is

question 289

Multiple Choice

A good example of a monopolistic competitive industry is

• A) the restaurant industry.
• B) the public utility industry.
• C) the computer game industry.
• D) diamond mining.

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Definitions:

Thermocouple

A type of sensor used to measure temperature, consisting of two different conductors that produce a voltage in response to a temperature change.

DC Voltage

Direct current voltage, where the flow of electric charge is in one direction.

AC Voltage

Alternating Current voltage, where the flow of electric charge periodically reverses direction, commonly used in power supply systems worldwide.

Encoder

A rotary device that transmits position information; a device that transmits a fixed number of pulses for each revolution.