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    Microeconomics Study Set 25
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    Exam 15: Monopolistic Competition and Product Differentiation
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    Monopolistic Competition Is an Industry Structure Characterized By
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Monopolistic Competition Is an Industry Structure Characterized By

Question 214

Question 214

Multiple Choice

Monopolistic competition is an industry structure characterized by:


A) a product with no close substitutes.
B) a horizontal demand curve.
C) a large number of firms.
D) barriers to entry and exit.

Correct Answer:

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