Scan QR code or get instant email to install app
Question:
Which of the following is most likely a characteristic of monopolistic competition?
A
Each producer offers a differentiated product.
explanation
Differentiated products are a feature of monopolistic competition markets. Interdependence is a characteristic of oligopoly markets. Horizontal demand curves facing producers are a feature of perfect competition.
Take more free practice tests for other PASSEMALL topics with our cfa practice questions now!
Related Information
Comments