Answered: Question 4 All of these are…

Question 4 All of these are characteristic of monopolistic competition, EXCEPT: O A. free entry and exit. O B. barriers to entry. OC. product differentiation. OD. price maker.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 15CTQ: Make a case for why monopolistically competitive industries never reach long-run equilibrium.

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