Examlex
Which of the following is NOT an assumption of monopolistic competition?
Price
The sum of money envisaged, obligatory, or handed over as compensation for something.
Income
The money received by a person or organization for work, investments, or from other sources.
Utility Function
A quantitative model showing how buyers prioritize various combinations of products based on their happiness or usefulness.
Apples
A type of fruit that is grown worldwide and comes in various colors and flavors.
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