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    Microeconomics Principles for a Changing World
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    Exam 10: Monopolistic Competition, Oligopoly, and Game Theory
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    Monopolistically Competitive Markets and Perfectly Competitive Markets Do NOT Share
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Monopolistically Competitive Markets and Perfectly Competitive Markets Do NOT Share

Question 244

Question 244

Multiple Choice

Monopolistically competitive markets and perfectly competitive markets do NOT share which characteristic?


A) zero economic profits in the long run
B) many firms in the market
C) differentiated products
D) ease of entry into the market

Correct Answer:

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