NO.PZ2022071403000029
问题如下:
Question
Which characteristic is a firm least likely to exhibit if it faces a downward sloping demand curve for its product(s), many competitors, and zero economic profits in the long run?
选项:
A.No pricing power
B.Low barriers to entry
C.Differentiated product
解释:
SolutionA is correct. The characteristics of monopolistic competition include a large number of competitors, low pricing power, and the production of differentiated products (through advertising and other non-price strategies), but these still result in some pricing power. The ease of entry results in zero economic profits in the long run.
B is incorrect. Low barriers to entry are a characteristic of monopolistic competition.
C is incorrect. Product differentiation is a characteristic of monopolistic competition.
麻烦老师,这题什么意思,题干哪里可以看出这说的是垄断