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All of the Following Characteristics Are Common to Both Monopolistic

Question 13

Multiple Choice
All of the following characteristics are common to both monopolistic competition and perfect competition except A)firms act to maximize profit. B)entry barriers into the industries are low. C)the market demand curves are downward-sloping. D)firms take market prices as given.

All of the following characteristics are common to both monopolistic competition and perfect competition except


A) firms act to maximize profit.
B) entry barriers into the industries are low.
C) the market demand curves are downward-sloping.
D) firms take market prices as given.

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