A market in which there are many sellers who sell differentiated products is called
A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) oligopoly.
B
Economics
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The change in total revenue obtained by selling an additional unit of output is
a. average revenue b. business revenue c. marginal revenue d. overhead revenue e. profit margin
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Does research into new technologies create a positive externality or does it create a negative externality?
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