1. If I were a firm in a perfectly competitive market, what could I do to help me move from being a price taker to a price maker? A) Move to the left on the Kinked Demand Curve B) Create a brand for my product C) Try to make my product more homogeneous D) Simply raise my price 2. One key characteristic of a monopolistically competitive market structure would be A) many small sellers who are price takers. B) all sellers sell a homogeneous product. C) sellers have incentive to advertise their products. D) barriers to entry are strong. 3. Which one of the following barriers to entry causes the existance of a natural monopoly? A) A firm's control of a natural resource B) Increasing returns to scale C) Technological superiority D) Patent and or copyrights