Which of the Following Is Not a Characteristic of Monopolistic

question 121

Multiple Choice

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

• A)Firms are price takers.
• B)There are many buyers and sellers.
• C)Barriers to entry are low.
• D)Firms sell similar, but not identical, products.

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Definitions:

Foreign Markets

Markets outside a company's home country where it operates or sells its products and services.

Global Market Segmentation

The process of grouping of customers across national markets based on criteria such as level of economic development, cultural characteristics, language, buying patterns, and regulatory environment.

Middle-Class Customers

Consumers belonging to the middle socioeconomic bracket, typically characterized by average income levels, who may drive demand in certain markets.

Multinational Clothing

Clothing brands and companies that operate and sell their products in multiple countries around the world.