Which of the Following Is Not a Key Feature of Monopolistic

question 71

Multiple Choice

Which of the following is not a key feature of monopolistic competition?

• A)Excess capacity
• B)A markup of price over marginal cost
• C)Positive economic profits for firms in the long run
• D)Differentiated products among firms in the market

---

Definitions:

Service Productivity

Service Productivity refers to the efficiency with which a service sector business or organization turns inputs (like labor, capital, and materials) into services, measuring output in relation to input.

Improving Techniques

Improving techniques are methods or practices aimed at enhancing the efficiency, quality, or effectiveness of a process, system, or organization.

Process-Focused

An approach that prioritizes the optimization and efficiency of business processes in order to improve performance and quality.

Repetitive Manufacture

A production process in which identical products are continuously produced over a long period of time.