Saved In which market structure do firms consider themselves to have control over price based on differentiation from competitors? Question 1 options: Perfect competition Monopoly Monopolistic competition Oligopoly Question 2 (1 point) Saved What happens to the demand curve in a monopolistic competition market structure when more firms enter the industry? Question 2 options: It shifts right and becomes more elastic. It shifts left and becomes more elastic. It shifts right and becomes less elastic. It shifts left and becomes less elastic. Question 3 (1 point) Saved Which of the following is a characteristic of an oligopoly market structure? Question 3 options: Numerous firms producing differentiated goods. Each firm is a price taker with no control over price. Mutual interdependence among firms in the industry. Perfect competition with free entry and exit. Question 4 (1 point) Saved What is an example of mutual interdependence in an oligopoly market? Question 4 options: Offering different product features to attract consumers. Providing discounts and promotions to increase sales. Adjusting prices based on changes in input costs. Following the pricing strategies of competitors in the industry. Question 5 (1 point) Saved In a pure command system, what could be a potential limitation when it