Author Question: A market structure in which many firms compete by making similar but slightly different products is ... (Read 121 times)

penza · **on:** Jun 29, 2018

A market structure in which many firms compete by making similar but slightly different products is called

A) perfect competition.
B) monopolistic competition.
C) oligopoly.
D) monopoly.

Question 2

An individual perfectly competitive firm has a supply curve

A) with a positive slope.
B) with a negative slope.
C) that is parallel to the quantity axis.
D) that has a positive slope at lower output levels and a negative slope at higher output levels.