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Which of the following characteristics is NOT true of a monopoly? Firms produce a non-homogenous product. Firms are price makers. Firms rely on marketing to

Which of the following characteristics is NOT true of a monopoly?

  • Firms produce a non-homogenous product.
  • Firms are price makers.
  • Firms rely on marketing to differentiate their products.
  • Entry and exit costs are high.

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