2 April, 08:13

1. Which of the following is a characteristic of monopolistic competition?

a. Many sellers.

b. A differentiated product.

c. Free entry into and exit from the market

d. All of the above

2. Marginal revenue is equal to price for which one of the following types of market structure?

a. Monopoly

c. Oligopoly

b. Perfect Competition

d. Monopolistic Competition

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