Which of the Following Is NOT an Assumption for Monopolistic

question 3

Multiple Choice

Which of the following is NOT an assumption for monopolistic competition?

• A) Firms produce goods using a technology with increasing returns to scale.
• B) There are many firms in the industry.
• C) Firms are price takers.
• D) Each firm produces a good that is similar to, but differentiated from, the goods that other firms in the industry produce.

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