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    Microeconomics Theory and Applications Study Set 2
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    Exam 13: Monopolistic Competition and Oligopoly
  5. Question
    Which of the Following Is a Characteristic of Monopolistic Competition
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Which of the Following Is a Characteristic of Monopolistic Competition

Question 63

Question 63

Multiple Choice

Which of the following is a characteristic of monopolistic competition?


A) Inelastic demand
B) Free entry and exit
C) Homogeneous products
D) A small number of buyers

Correct Answer:

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