Title: In monopolistic competition there is/are Post by: barmour44 on Oct 9, 2019 Question 1. All of the following characteristics are common to both monopolistic competition and perfect competition except▸ entry barriers into the industries are low. ▸ firms take market prices as given. ▸ the market demand curves are downward-sloping. ▸ firms act to maximize profit. Question 2. In monopolistic competition there is/are ▸ a few sellers who each face a downward-sloping demand curve. ▸ only one seller who faces a downward-sloping demand curve. ▸ many sellers who each face a downward-sloping demand curve. ▸ many sellers who each face a perfectly elastic demand curve. Title: In monopolistic competition there is/are Post by: johnsyke on Oct 9, 2019 Content hidden
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