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Exam (elaborations)
American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
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---10December 20232023/2024A+
- American Military University ECON 201 ECON201 WEEK 7 Quiz 
100% CORRECT 
 
Question 1 
Monopolistic competition is an industry characterized by a: 
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A. small number of firms producing identical products, with barriers to entry for firms. 
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B. small number of firms producing similar products, with relatively easy entry for firms. 
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C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing identical products, wit...
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$12.49 More Info
eric13
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Exam (elaborations)
American Military University ECON 201 ECON201 FINAL EXAM
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---16November 20232023/2024A+
- American Military University ECON 201 ECON201 FINAL 
EXAM 
Question 1 of 29 
One defining characteristic of pure monopoly is that: 
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A. The monopolist is a price taker 
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B. The monopolist uses advertising 
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C. The monopolist produces a product with no close substitutes 
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D. There is relatively easy entry into the industry, but exit is difficult 
Question 2 of 29 
Which is a barrier to entry? 
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A. Close substitutes 
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B. Diseconomies of scale 
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C. Government licensing ...
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$10.49 More Info
TheHomeworkGuy
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Exam (elaborations)
American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
-
---10November 20232023/2024A+
- 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, with...
-
$8.49 More Info
TheHomeworkGuy