Monopolistic competition is defined as a type of market structure ...

[brutforce]

Monopolistic competition is defined as a type of market structure where
 
  A) many firms produce the good.
  B) firms produce a homogeneous good.
  C) there are barriers to entry.
  D) firms can earn positive profit in the long run.

Question 2

Monopolists
 
  A) maximize revenue, not profits.
  B) have no short-run fixed costs.
  C) face downward sloping demand curves.
  D) are price takers.

[yotaSR5]

Answer to Question 1

A

Answer to Question 2

C

[brutforce]

Thanks for the timely response, appreciate it

[dawsa925]

Gracias!