What are the characteristics of monopolistic competition?
What will be an ideal response?
Monopolistic competition is characterized by a large number of sellers selling a differentiated product. There are relatively weak barriers to entry and firms compete aggressively on a nonprice basis.
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The current price of a stock increases when:
A. interest rates decrease. B. expected future dividends decrease. C. the expected future price of the stock decreases. D. the perceived riskiness of the stock increases.
Recent housing reforms in Cuba should give homeowners ________ incentives to repair their homes and therefore ________ construction of new homes
A) more; decrease B) fewer; increase C) fewer; decrease D) more; increase
A depository institution is a firm that takes deposits from ________ and makes loans to ________
A) households and firms; other households and firms B) firms only; households only C) households only; firms only D) firms only; other firms only
So in equilibrium
What will be an ideal response?