Monopolistic competition is a market structure in which
A) firms produce and sell products for which there are no close substitutes.
B) the demand curve for a typical firm is horizontal.
C) firms cannot influence the market price.
D) barriers to entry are low.
Answer: D
Economics
You might also like to view...
In 2010, gross private domestic investment constituted ________ percent of nominal GDP
A) 70.4 B) 12.4 C) 18 D) -5.4
Economics
The Bureau of Labor Statistics releases its employment report
a. on the first Friday of every month. b. on the first Friday of every quarter. c. once every four months. d. on the first Friday every two months. e. once every six months.
Economics