Which characteristic does monopolistic competition NOT have in common with perfect competition?
Which characteristic does monopolistic competition NOT have in common with perfect competition? 1-Products of individual firms are different. 2-Each firm has an insignificantly small market share. 3-Entry and exit are easy. 4-Individual firms earn normal profits in the long run. Which of the following products is likely to be the MOST differentiated? 1-cotton sold to […]
Which characteristic does monopolistic competition NOT have in common with perfect competition? was first posted on November 9, 2020 at 1:16 am.©2019 “Superb Professors”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at superbprofessors.comFeed enhanced by Add To All
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