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    Managerial Economics and Business Strategy Study Set 1
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    Exam 7: The Nature of Industry
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    Monopolistic Competition Is Characterized By
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Monopolistic Competition Is Characterized By

Question 56

Question 56

Multiple Choice

Monopolistic competition is characterized by:


A) heterogeneous products.
B) employing labor from a perfectly competitive labor market.
C) no free entry.
D) large markets.

Correct Answer:

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