Author Question: All of the following are characteristics of monopolistic competition EXCEPT A) a few firms ... (Read 59 times)

Anajune7

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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

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Answer to Question 1

A

Answer to Question 2

C



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