In some monopolistically competitive markets,differentiation is obtained simply by location.Which of the followings is NOT a good example of differentiation by location?
A) gas stations
B) movie theaters
C) music stores
D) restaurants
Correct Answer:
Verified
Q45: Q46: In the short run,a firm in monopolistic Q47: Firms in a monopolistically competitive industry have Q48: In the long run,which two curves are Q49: When a profit-maximizing firm in monopolistic competition Q51: Firms in monopolistically competitive markets sell identical Q52: Firms gain control over price in monopolistic Q53: Monopolistic competition is NOT characterized by Q54: The toothpaste industry with 5 firms is Q55: In monopolistic competition,the presence of free entry
A) slightly
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