Which of the following is not a feature of monopolistic competition?
A) Homogenous product
B) Large number of firms
C) Freedom to entry and exit
D) Differentiated product
Correct Answer:
Verified
Q2: The market structure which has large number
Q3: The market structure which number of sellers
Q4: The condition of short run equilibrium under
Q5: Kinked demand curve explain which of the
Q6: Demand curve of a firm under monopolistic
Q8: In the long run, a monopolistically competitive
Q9: In the short run, a monopolistically competitive
Q10: Selling cost is a feature of
A)Monopolistic competition
B)Perfect
Q11: The concept of group equilibrium is related
Q12: The concept of kinked demand curve is
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