Monopolistic competition is characterized by
A. employing labor from a perfectly competitive labor market.
B. Rothschild indices that are close to zero.
C. concentration ratios that are well above zero.
D. differentiated products.
Answer: D
Monopolistic competition is characterized by
A. employing labor from a perfectly competitive labor market.
B. Rothschild indices that are close to zero.
C. concentration ratios that are well above zero.
D. differentiated products.
Answer: D