Which of the following is not a characteristic of many differentiated sellers?
A) firms use advertising a great deal
B) entry into the industry is relatively easy
C) the firm has no control over the price
D) tend to break even in the long run

Question

Quizplus · Accepted Answer

Differentiated sellers typically have some control over their prices due to product differentiation, unlike perfect competitors who have no control over price.

Which of the Following Is Not a Characteristic of Many