Which of the Following Is the Best Description of Monopolistic

question 167

Multiple Choice

Which of the following is the best description of monopolistic competition?

• A) easy entry,low markup
• B) barriers to entry,high markup
• C) horizontal demand curve for the firm
• D) firm has no control over price
• E) barriers to entry,low markup

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Definitions:

Temperament

Biologically based tendency to feel or act in certain ways.

Characteristic Adaptation

Describes personality traits, motivations, and behaviors that are shaped by an individual's life experiences.

Personality Stability

Refers to the consistency of individual differences in thoughts, feelings, and behavior over time and across situations.

Age

A measure of the time someone or something has existed, often used as a determinant of the matureness or development stage.