Quiz: Chapters 17 and 18 - Monopolistic Competition and Oligopoly
This Question: 1 pt
3 of 10 (3 complete)
The table shows the total revenue of the 50 firms in the roofing industry.
To be sure that the roofing industry is an example of monopolistic competition, we would need additional
information about
A. barriers to entry only
B. competition on price only
C. competition on quality and marketing only
D. product differentiation only
E. product differentiation, barriers to entry, and competition on price, quality, and marketing
Click to select your answer
Firm Total revenue
(dollars)
Roofmart 1,450
Shingles R Us 1,300
Weather Guard 1,250
Dry on Top 650
Next 16 firms (each) 100
Next 30 firms (each) 125
Industry 10,000