a) Characteristics

0.0(0)
Studied by 0 people
linked notesNote
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/3

encourage image

There's no tags or description

Looks like no tags are added yet.

4 Terms

1
New cards

  • state who the buyers in a monopolistic market are

  • state who the sellers in a monopolistic market are


  • consumers

  • firms


2
New cards

  • state the characteristics of monopolistic competition


  • many buyers and small sellers

  • sellers are price makers

    • differentiated products

  • low barriers to entry/exit


3
New cards

  • n/a


  • n/a


4
New cards

  • n/a


  • n/a