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lstar1993 lstar1993
wrote...
Posts: 498
4 years ago

Question 1.

Which of the following is a characteristic of monopolistically competitive industries?



▸ significant barriers to entry

▸ strategic behavior

▸ product differentiation

▸ a small number of firms

Question 2.

Price is a limited decision variable in which of the following market organizations?



▸ perfect competition

▸ monopoly

▸ monopolistic competition

▸ oligopoly
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Answer verified by a subject expert
sarahlouhiggsarahlouhigg
wrote...
Posts: 399
4 years ago
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