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Characteristics of a monopolistically competitive market include all of the following except?
 
1) some influence over price
2) A large number of sellers
3) differentiated products
4) barriers to entry

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Kritika Krishnakumar
Kritika KrishnakumarLv10
28 Sep 2019

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Related questions

Which of the following is not a characteristic of a monopolistically competitive market structure?

a. there are no barriers to entry of new firms.

b. there is a large number of independently acting small sellers.

c. all sellers sell products that are differentiated.

d. each firm must react to the actions of other firms.

The key characteristics of a monopolistically competitive market structure include:
 
(i) barriers to entry are strong.
(ii) all sellers sell a homogeneous product.
(iii) sellers have no incentive to advertise their products. 
(iv) many small​ (relative to the total​ market) sellers acting independently.
All of the following are characteristics of a perfectly competitive market except:
 
A) a large number of sellers.

B) perfectly elastic demand.

C) a homogeneous product.

D) barriers to entry.

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