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Author Question: Which of the following is NOT a feature of monopolistic competition? A) significant numbers of ... (Read 81 times)

Kikoku

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on: Jun 29, 2018
Which of the following is NOT a feature of monopolistic competition?
 
  A) significant numbers of sellers in a highly competitive market
  B) differentiated products
  C) sales promotion and advertising
  D) inability of firms to enter or exit the market

Question 2

An important characteristic of private goods is
 
  A) the nonexclusion principle.
  B) the principle of rival consumption.
  C) the principle of joint consumption.
  D) the principle of conspicuous consumption.


aliotak

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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