The key characteristics of a monopolistic competitor is: a. freedom of entry and exit b. homogeneous product
Question:
The key characteristics of a monopolistic competitor is:
a. freedom of entry and exit
b. homogeneous product
c. product differentiation
d. monopolistic prices
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The correct answer is c product differentiation Monopolistic competition is characterized by the pre...View the full answer
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Related Book For 
Principles Of Agricultural Economics
ISBN: 9780415540704
1st Edition
Authors: Andrew Barkley, Paul W. Barkley
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