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4 points Market Entry and Monopolistic Competition / Introduction: Which of the following would NOT be a characteristic of a monopolistic competitive market structure? A

4

points

Market Entry and Monopolistic Competition

/

Introduction: Which of the following would NOT be a characteristic of a monopolistic competitive market structure?

.

Many firms in the industry

.

A homogeneous

(

or standardized

)

product

.

Demand is elastic but not perfectly elastic

.

No barriers to entry

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