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Author Question: Which of the following is a characteristic of monopolistically competitive industries? (Read 86 times)

urbanoutfitters

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Question 1

The hand soap industry is an example of a(n) ________ industry.


◦ perfectly competitive
◦ monopolistic
◦ monopolistically competitive
◦ oligopolistic

Question 2

Which of the following is a characteristic of monopolistically competitive industries?


◦ significant barriers to entry
◦ strategic behavior
◦ product differentiation
◦ a small number of firms


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Marked as best answer by urbanoutfitters on Apr 19, 2019

scrocafella

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