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Author Question: A monopolistically competitive industry has all of the following characteristics except (Read 110 times)

joblessjake

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Question 1

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


◦ perfectly competitive
◦ monopolistic
◦ monopolistically competitive
◦ oligopolistic

Question 2

A monopolistically competitive industry has all of the following characteristics 
except


◦ there are no barriers to entry.
◦ strategic behavior.
◦ product differentiation.
◦ a large number of firms.


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Marked as best answer by joblessjake on Apr 19, 2019

bob

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bob

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