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    Microeconomics Study Set 15
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    Exam 10: Monopolistic Competition : The Competitive Model in More Realistic Setting
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    The Key Characteristics of a Monopolistically Competitive Market Structure Include
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The Key Characteristics of a Monopolistically Competitive Market Structure Include

Question 63

Question 63

Multiple Choice

The key characteristics of a monopolistically competitive market structure include


A) few sellers.
B) sellers selling similar but differentiated products.
C) high barriers to entry.
D) sellers acting to maximise revenue.

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