单选题
Which one of the following structures is characterized by free entry
and exit, a differentiated product, and price searcher behavior?
- A. Oligopoly.
- B. Monopolistic competition.
- C. Pure competition.
【正确答案】
B
【答案解析】Monopolistic competition is another name for competitive price-searcher markets. There are a large number of independent sellers, each produces a differentiated product, each market has a low barrier to entry, and each producer faces a downward sloping demand curve.