One Critical Characteristic of Monopolistic Competition Is That

question 90

Multiple Choice

One critical characteristic of monopolistic competition is that

• A) one firm dominates the industry.
• B) a few firms collude with each other by agreeing on price.
• C) a few firms compete without agreeing on price.
• D) there are many small firms in the industry.
• E) there is one large firm in the industry,but it has no control over the price.

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