Question 9 1 pts Which of the following is NOT a point that distinguishes a monopolistically competitive industry from a perfectly competitive industry? A downward-sloping demand curve means the firm has some control over the product's price. In the long run only normal profits will be eamed. Advertising plays a key role in bringing the product to the attention of the consumer Question 10 1 pts Are the followings characteristics of oligopoly? ta). There is little point in advertising because there are so few firms. [Select) (b) Oligopolists tend to take into account the actions and reactions of other forms. [Select