Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    Which of the following is a characteristic of monopolistic competition?
  2. Question

    RK44rnm5sDXfFyPsGYO0Tx7w78Hk5TAFWBRzU4CWI1y9FYdTg0RPmKHjWVLbaFYASkZQFB6d0wkHZ9RXYPtZRdMQ/n5mZ+LKmYU8QN8q21syrvglOoiJHpU1YJ1WU1pgSdSW/hd5zN8adyKqFfpnv6Tr/uSTgVpqb8FnOUerieIKjpaviS0ay4Jbx2GUYKSxUVRwoUnvUUxMyPoBr5CqWAFPk9/FlKrYod0caTJKR2VDgZ+TYh/DlRhiifSAmooPyRnPGA/Ckoyu0xJDAumk15imXCfeZHI+MeWo9qFiKe2xNeawNhZ8tGUlxCzNWlI1JD6Qa3itmSTMjhtun/fDJpFbZaueUsK6T5/4IykkEcWuvRCCWnqRa46bbfCP5LohJN36KAbVUkSsSpX3tQriesxvqM5mrntUtbZK4Uh2y2mcYse2Z+1xM1msXJhmT46+px0xGGi5mp1WKSkQ3Htq35JsDTpHn+Iy3FwFLkXIIsVs931zUvsVqYzfaAEsD5hrMwfe8ixHJBrd+LuIUxDVDxTHOuoRXN+JJNkHKDeDUsMUvljLAYbXLKC5H8q/8dSSPLQYLCJPsbJDrmh/fkjvNIMzklfAPpE0O10D2P/9asrjDFPsItlFa2hXxAUWZ5Hp0TvBqY/d/rf/7QLW4wD+tVY1wmpAzizlLy5cICovOvLhG0GvK2rihsNy/WOrjDuf+1hLxFX2TcgISfwsdIHw05R9OkNUK1U4h0zAnxQNFK8VlW4uHOVkASbwgs7/R9dusfJtw+LP5QxNxycKKeFKx6lL0AnMGgZWg13auI+TPVICATLz7RMFtsrO5BPQvZbK6VxFc6KuWYn9UyzQbReyBQxrI+m1CztpJ+Wuwkaa//dYGqKgReMxNaFGGvRoLUp8bSuygcVQolwXymoS4agi83d73JLVGyhw19dsXJl56VW4sGmwS4HU+fE9xWbXxFUfn4khBdGgx+gPxWgX1b6X6qj2HUjqknMtiTRjKH69SoA09grrFGksFBLnZ5onYmTpCznumW9BMaouPYkjGFxjy0OZpw7tRjT+lpjWNpiGXF848hzgXG2oiwXGNXIzo+i3mB35jTzqXry6WrD670yGTzKVINMgJCiDqZsbZ5XZNoRbaKR/o3gpq4m1mIpnVlcXbPkmhY4krD0U2vX+2ku94l/0i806sJhhFNIEpHvfrwCcq2GiDuo1TgEGal3SAqh++q9YpX5zL7Q0i0SATt6W4TkNT4Fu1NDRwIxD6qKMsBziW+RWYclZLII+6VUEKiUwwd/mMdz3UADbz9uQ7HMLU6F/2LVrP0145ZoLl4ldWJ1uHTNY0eYMnzd0dm5munm1an+GkScCMJrigzuTQe2hsadZwpFQVlXWu8GrRJQjNpJAPLevo2l/o47lMQdiqiSb3DAp7K7Ck89Nn79/oqkTyXBELP9f35Y03EK/vw==
    Which of the following results is possible for a monopolistic competitor in the short run?
  3. Question

    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
    Which of the following results is possible for a monopolistic competitor in the long run?
  4. Question

    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
    Which of the following best describes a monopolistic competitor’s demand curve?
  5. Question

    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
    The lon