Which of the following is NOT a feature of a monopolistically competitive market?

A. perfectly elastic demand curve
B. differentiated products
C. numerous buyers and sellers
D. advertising

Answer: A

Economics

You might also like to view...

Typically, in towns and villages across the Midwest, bowling alleys are one-story buildings. In Manhattan, one is more likely to bowl in alleys found in multi-story high rises. Why?

A) Because Midwesterners live on flat lands, they think flat and build flat. B) The bowling cultures are different. C) The cost of building single-story bowling alleys in Manhattan is too high. D) Midwestern zoning codes must prohibit bowling alleys in multi-story structures.

Economics

Trade deficits or trade surpluses can work out well or poorly, depending on whether the corresponding flows of financial capital are wisely invested.

Select whether the statement is true or false. A. True B. False

Economics