Monopolistic Competition Is Best Defined as

question 32

Multiple Choice

Monopolistic competition is best defined as

• A)a structure that has many buyers and sellers, but the products are differentiated on some basis.
• B)a structure where customers are willing to pay a little more for the unique feature that appeals to them.
• C)a structure that combines perfect competition and monopoly, but is closer to a competitive situation.
• D)all of the above.

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Teenagers

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