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Which of the following is NOT an essential characteristic of monopolistic competition? (Points : 1) a small number of sellers differentiated products relatively easy
entry short-run profits a very elastic demand curve
Can you please send us back the option.
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User: Which of the following is NOT an essential characteristic of monopolistic competition? (Points : 1) a small number of sellers differentiated products relatively easy entry short-run profits a very elastic demand curve

Weegy: Can you please send us back the option.
mapliego|Points 70|

User: a small number of sellers differentiated products relatively easy entry short-run profits a very elastic demand curve

Weegy: A small number of sellers differentiated products relatively easy entry short-run profits a very elastic demand curve. This is not an essential characteristic of monopolistic competition.
Expert answered|Tobirama|Points 10|

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Asked 8/24/2013 11:12:29 AM
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Updated 9/15/2014 5:21:02 AM
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The change in total cost due to producing one more unit of output is called the marginal cost.
Added 9/15/2014 5:21:00 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [9/15/2014 5:25:53 AM]
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