Which of the following is not true? O Monopolistic competition and perfect competitive markets do not have any economic profits. O In monopolistic competition, perfect competition and monopoly's, the demand curve is downward sloping. There are free entry/exit in two of the three types of markets we have studied The products that are sold by monopolies and monopolistic competitors are different

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter14: Monopolistic Competition And Product Differentiation
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Which of the following is not true?
Monopolistic competition and perfect competitive markets do not have any
economic profits.
In monopolistic competition, perfect competition and monopoly's, the demand
curve is downward sloping.
There are free entry/exit in two of the three types of markets we have studied
The products that are sold by monopolies and monopolistic competitors are
different
Transcribed Image Text:Which of the following is not true? Monopolistic competition and perfect competitive markets do not have any economic profits. In monopolistic competition, perfect competition and monopoly's, the demand curve is downward sloping. There are free entry/exit in two of the three types of markets we have studied The products that are sold by monopolies and monopolistic competitors are different
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