Economic markets that are characterized by monopolistic competition have all of the following characteristics EXCEPT
a. One seller of the product.
b. Economies or diseconomies of scale.
c. Advertising.
d. Heterogeneous products.
Answer: a.
Economic markets that are characterized by monopolistic competition have all of the following characteristics EXCEPT
a. One seller of the product.
b. Economies or diseconomies of scale.
c. Advertising.
d. Heterogeneous products.
Answer: a.