The key characteristics of a monopolistically competitive market structure include

A) many small (relative to the total market) sellers acting independently.
B) barriers to entry are strong.
C) all sellers sell a homogeneous product.
D) sellers have no incentive to advertise their products.

A

Economics

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Quotas and tariffs discourage foreign governments from retaliating with quotas and tariffs of their own

a. True b. False

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If DI falls by $100 billion, and C falls by $90 billion, the slope of the consumption is

a. ?0.45. b. 0.45. c. ?0.90. d. 0.90. e. 0.50.

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