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Author Question: All of the following are characteristics of monopolistic competition EXCEPT A) a few firms ... (Read 108 times)

Anajune7

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on: Jun 29, 2018
All of the following are characteristics of monopolistic competition EXCEPT
 
  A) a few firms dominate the industry.
  B) product differentiation.
  C) many firms in the industry.
  D) advertising.

Question 2

Productivity relates to
 
  A) working harder over time.
  B) working longer over time.
  C) producing the same output with fewer labor hours.
  D) producing the same output with more labor hours.


nixon_s

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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