A Feature of Monopolistic Competition That Makes It Different from Monopoly

question 194

Multiple Choice

A feature of monopolistic competition that makes it different from monopoly is the:

• A) fact that firms in the model of monopolistic competition follow the marginal decision rule while monopolies do not.
• B) downward-sloping demand curve.
• C) downward-sloping marginal revenue curve.
• D) number of firms in the industry.

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Definitions:

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