21. Monopolistically competitive industries are characterized by a. standardized products, many firms, and easy entry and exit.

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21. Monopolistically competitive industries are characterized by

a. standardized products, many firms, and easy entry and exit.

b. standardized products, few firms, and easy entry and exit.

c. differentiated products, many firms, and easy entry and exit.

d. subtracted from the fixed cost to determine profit.

e. ignored

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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Question Posted: Oct 03, 2024 06:02 AM

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21. Monopolistically competitive industries are characterized by a. standardized products, many firms, and easy entry and exit.

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Krugmans Economics For AP

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