Output 23 Which of the folowing is nor a bsic characteristic of monopolistic com

Question

Output 23 Which of the folowing is nor a bsic characteristic of monopolistic competition? A. the use of trademarks and brand names B. recognized mutual interdependence C. product differentiation D. a relatively large number of sellers 24. Nonprice competition refers to: A, competition between products of different industries, for example, competition between aluminum and steel in the manufacture of automobile parts. B. price increases by a firm that are ignored by its rivals. ising, product promotion, and changes in the real or perceived characteristics of a product. D. reductions in production costs that are not reflected in price reductions

Explanation / Answer

Answer

Option B

The monopolistic competition have differentiated product, many sellers and uses trademarks and brand names

but the dependencies are the characteristics of oligopoly, not MC

Q24

Option C

The competition on the basis of brands and quality is nonprice competition.

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