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Tidy Tidy
wrote...
Posts: 4852
9 years ago
Which of the following characteristics is common to monopolistic competition and perfect competition?
A) Firms produce identical products.
B) Entry barriers into the industry are low.
C) Each firm faces a downward-sloping demand curve.
D) Firms take market prices as given.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 538 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
VincenzoDVincenzoD
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Top Poster
Posts: 1913
8 years ago
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Tidy Author
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9 years ago
Thanks
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Yesterday
This helped my grade so much Perfect
Mcb
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2 hours ago
Brilliant
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