Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Economics final > Monopolistic Competition > Flashcards

Monopolistic Competition Flashcards

1
Q

monopolistic competition

A

market structure in which a large number of firms competiting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

characteristics of monopolistic competition

A

easy entry and exit
firms differentiate their product

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

example of monopolistic competition

A

Burger King, McDonalds

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Relation to demand?

A

Demand does not=MR

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Economics final (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions