Which assumption is part of the model of monopolistic competition?
A. There is no collusion among firms.
B. There are few buyers and sellers.
C. There are significant barriers to entry into the market.
D. Firms make identical products.
Answer: A
Economics
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A cartel is a group of firms that attempt to collude by coordinating price and output decisions
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is an allowable deduction?
A. Unreimbursed medical expenses that exceed 7.5% of AGI B. State and local income and property taxes C. Interest on qualified education loans up to a certain limit D. All of the answer options are correct.
Economics