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Author Question: The feature that distinguishes monopolistic competition from perfect competition is that ... (Read 178 times)

RODY.ELKHALIL

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on: Apr 19, 2019

Question 1

Firms gain control over price in monopolistic competition by


◦ blocking entry of other firms into the industry.
◦ producing a product for which there are no close substitutes.
◦ differentiating their products.
◦ colluding with other firms to set prices.

Question 2

The feature that distinguishes monopolistic competition from perfect competition is that monopolistically competitive firms are


◦ large relative to the market.
◦ price takers.
◦ able to block the entry of other firms.
◦ able to differentiate their products.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by RODY.ELKHALIL on Apr 19, 2019

Smiles0805

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RODY.ELKHALIL

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Reply #2 on: Apr 19, 2019
Excellent


Smiles0805

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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