答案如下
Which one of the following is NOT a characteristic of monopolistic competition?
A) Differentiated products.
B) A single seller.
C) Elastic demand curves.
D) Low barriers to entry and exit.
Your answer: B was correct!
All are characteristics of monopolistic competition except "single seller." There are many sellers or producers who face demand curves that slope downward to the right and are elastic; they sell differentiated products that permit firms to attract customers without reducing price; and there are low barriers to entry.
| 
发表于 2006-4-3 12:14
| 
