Prep
Bee
Pakistan
Free MCQ Practice Platform for Govt Job Exams
Home
MCQs
Quiz
Past Papers
FIA Prep
Contact
Quiz Mode
Login
Register
Preparing your study page...
Home
MCQs
Economics
MEDIUM
ENGLISH
Economics
The use of the word “monopoly” in the name of the market structure called “monopolistic competition” refers to the fact that ?
A
monopolistically competitive firms charge prices equal to their marginal costs just like monopolists
Option A
a monopolistically competitive firms faces a downward-sloping demand curve for its differentiated product and so does a monopolist
Correct answer
C
monopolistically competitive markets have free entry and exit just like a monopolistic market
Option C
D
monopolistically competitive firms produce beyond their efficient scale and so do monopolists
Option D
Correct answer: B
Explanation
No explanation provided for this MCQ yet.
Hide Answer
Hide Explanation
Start Related Quiz
Submit Correction
More MCQs