NEW
practice questions
NEW
cheatsheets
log in
Practice Quizzes
AP Microeconomics
Unit 4 – Imperfect Competition
Topic 4.4
Unit 4 – Imperfect Competition
4.4 Monopolistic Competition
mixed difficulty
In monopolistic competition, firms may engage in product development and innovation to:
Reduce production costs
Achieve allocative efficiency
Increase price elasticity of demand
Eliminate barriers to entry
Study guides (1)
AP Microeconomics - 4.4 Monopolistic Competition
Key terms
Innovation
Monopolistic Competition
Product Development
Guides
Glossary
Next
0