Business, 13.12.2019 05:31 debramknoxx
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.
Answers: 2
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All of the following characteristics are common to both monopolistic competition and perfect competi...
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