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American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
American Military University ECON 201 ECON201 WEEK 7 Quiz 
100% CORRECT 
 
Question 1 
Monopolistic competition is an industry characterized by a: 
• 
A. small number of firms producing identical products, with barriers to entry for firms. 
• 
B. small number of firms producing similar products, with relatively easy entry for firms. 
• 
C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing identical products, wit...
- Exam (elaborations)
- • 10 pages •
American Military University ECON 201 ECON201 WEEK 7 Quiz 
100% CORRECT 
 
Question 1 
Monopolistic competition is an industry characterized by a: 
• 
A. small number of firms producing identical products, with barriers to entry for firms. 
• 
B. small number of firms producing similar products, with relatively easy entry for firms. 
• 
C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing identical products, wit...