Which of the Following Is NOT a Characteristic of Firms

question 62

Multiple Choice

Which of the following is NOT a characteristic of firms in a monopolistically competitive market?

• A) advertising
• B) differentiated products
• C) ease of entry and exit
• D) existence of significant economies of scale

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Definitions:

Trait

A distinguishing quality or characteristic, typically one belonging to a person, often considered in the context of leadership to identify specific attributes associated with effective leaders.

Trait Approach

A perspective in leadership theory that focuses on identifying the specific personality traits and abilities that make a successful leader.

Situational Factors

External conditions or circumstances that influence an individual's behavior or decisions at a given time.

Personality Factors

Traits or characteristics of an individual's personality that influence their behavior in various settings, including leadership.