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Lostsunrise [7]
4 years ago
13

Which of the following is not a characteristic of monopolistic competition? Firms are price takers. There are many buyers and se

llers. Barriers to entry are low.
Business
1 answer:
Zepler [3.9K]4 years ago
6 0

Answer:  

1) Companies are price takers. <u>It is not a characteristic of monopolistic competition. </u>

<u></u>

Explanation: In monopolistic competition, the products offered are characterized by differentiation and this differentiation gives companies market power,  to be able to decide when setting their prices and not be price takers.

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