A Major Difference Between Monopoly and Monopolistic Competition Is

question 102

Multiple Choice

A major difference between monopoly and monopolistic competition is

• A)One maximizes profits by setting MR equal to MC,and the other does not.
• B)The number of firms in the market.
• C)One type of firm has market power,and the other does not.
• D)One has a downward-sloping demand curve,and the other does not.

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