What is the main characteristic of a monopolistic competition market?

I. Presence of a single company in the market.
II. High barriers to entry an...

Question

What is the main characteristic of a monopolistic competition market?

I. Presence of a single company in the market.
II. High barriers to entry and exit.
III. Companies with differentiated products, but similar to each other.
IV. Elastic own demand curve.
a. I and II are correct.
b. II and III are correct.
c. III and IV are correct.
d. III is correct.

Ed · Answer

A alternativa correta é a letra c. A principal característica de um mercado de concorrência monopolística é a presença de empresas com produtos diferenciados, mas similares entre si, e com uma curva de demanda própria elástica. Não há presença de uma única empresa no mercado e as barreiras de entrada e saída são relativamente baixas.

What is the main characteristic of a monopolistic competition market? I. Presence of a single company in the market. II. High barriers to entry an...

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