question archive The following are the possible characteristics related to different market structures, except a
The following are the possible characteristics related to different market structures, except a
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The following are the possible characteristics related to different market structures, except
a. monopoly always implies the existence of positive economic profits.
b. the key characteristic of monopolistic competition is product differentiation.
c. under perfect competition firms will compete only in price since the product is standard.
d. collusion is a profitable but unstable strategy under oligopoly.
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