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Author Question: Monopolistic competition is characterized by A) ease of entry. B) many sellers. C) product ... (Read 34 times)

roselinechinyere27m

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on: Jun 30, 2018
Monopolistic competition is characterized by
 A) ease of entry.
  B) many sellers.
  C) product differentiation.
  D) all of these choices characterize this market.

Question 2

In a monopoly, producer surplus is
 A) larger than under perfect competition.
  B) is equal to that under perfect competition.
  C) smaller than under perfect competition.
  D) None of these choices is true.


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tennis14576

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


roselinechinyere27m

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
Excellent

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