Monopolistic Competition Develops When a Market Is Dominated by One

question 74

True/False

Monopolistic competition develops when a market is dominated by one large seller and a lot of small firms.

---

Definitions:

Pharynx

A muscular tube that serves as a pathway for both air (to the larynx) and food (to the esophagus), playing a role in the respiratory and digestive systems.

Oropharynx

The part of the throat at the back of the mouth behind the oral cavity, including the tonsils.

Laryngopharynx

The lower part of the pharynx just below the oral and nasal cavities, serving as a pathway for food from the mouth and air from the nose.

Nasopharynx

The upper part of the throat located behind the nose, connected to the nasal cavities and the oropharynx.