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Q: Which of the following is not a characteristic of monopolistic competition? a. few artificial barriers to entry c. homogenous products b. large number of firms d. slight control over price
A: A)high artificial barriers to entry
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User: Which of the following is not a characteristic of monopolistic competition? a. few artificial barriers to entry c. homogenous products b. large number of firms d. slight control over price

Weegy: A)high artificial barriers to entry
bucoi022|Points 0|

User: Which of the following products is an example of monopolistic competition? a. tap water c. books b. oranges d. bus tickets

Weegy: c. books
akbest|Points 120|

User: What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? a. The firm will go out of business. b. Consumers will substitute a rival’s product. c. Consumers will boycott the product. d. The government will regulate the price.

Weegy: When monopolistically competitive firm begins to charge an excessive price for its product: B. Consumers will substitute a rival s product.
andrewpallarca|Points 28498|

User: Sunshine Island has three large supermarkets that supply most of the groceries for the island’s population. How would you describe the market for groceries on Sunshine Island? a. perfect competition b. cartel c. oligopoly d. monopoly

Weegy: The market on Sunshine Island is C. oligopoly
MrG|Points 5203|

User: Where do the conditions of the market make unified control necessary or desirable to the public interest? a. oligopoly c. trust b. natural monopoly d. cartel

Weegy: In b. natural monopoly market make unified control necessary or desirable to the public interest. ...........
Expert answered|sujaysen|Points 5504|



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Asked 1/1/2014 9:48:02 AM
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