Which of the following is not a characteristic of monopolistic competition The products are similar, but not identical The demand curve is inelastic There is mutual interdependence between the firms There are unique products Price and marginal revenue are equal only in the short run none of the above

Which of the following is not a characteristic of monopolistic competition The products are similar, but not identical The demand curve is inelastic There is mutual interdependence between the firms There are unique products Price and marginal revenue are equal only in the short run none of the above

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter14: Monopolistic Competition And Product Differentiation

Section: Chapter Questions

Problem 6P

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