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.Management Sciences
A. in monopolistic competition entry into the industry is blocked
B. in monopolistic competition there are relatively few barriers to entry.
C. in monopolistic competition, firms can differentiate their products
D. in perfect competition firms can differentiate their products
Related Mcqs:
- Maximum profit can be shown on a diagram using ?
- A. the MR and MC curves B. the AC and AR curves C. the AC and MC curves D. the MR and AR curves...
- When ________ substitutes exist, a monopolist has ________ power to raise price?
- A. more; more B. fewer; less C. more; less D. no; infinite...
- The costs that depend on output in the short run are ?
- A. total fixed cost only. B. total variable costs only. C. both total variable costs and total costs. D. total costs only...
- Diminishing marginal return implies ?
- A. decreasing average fixed costs. B. decreasing marginal costs. C. decreasing average variable costs. D. increasing marginal costs....
- In contestable markets, large oligopolistic firms, end up behaving like ?
- A. perfectly competitive firms B. a cartel C. a monopoly D. monopolistically competitive firms....
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