Competition and Ullgopol uiz: Chapters 17 and 18-Monopolistic This 3 of 10 (3 co

Question

Competition and Ullgopol uiz: Chapters 17 and 18-Monopolistic This 3 of 10 (3 complete) his Question: 1 pt The table shows the total revenue of the 50 firms in the rooling industry Total revenue Firm Roofmart Shingles R Us Weather Guaed Dry on Top Next 16 firms (each) Next 30 frms (each Industry to te sure that the roofing ndustryis an esample of monopolisic compothon, we would need adstional information about 1,450 1300 1.250 650 100 126 O A. bamers to entry only 08, compettron on price only O C. competition on quality and marketing only O D. product offerentation only E. product deferertation barners to ertry and congetton on price·qualty, and marketing 10,000 Cick to select your ansver OOLBY HOME THEATER

Explanation / Answer

E is the correct option

Reason

All the characteristics of a monopolistic competition must be checked to say this is such a market structure.

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