One Difference Between a Perfectly Competitive Market and a Monopolistically

question 50

Multiple Choice

One difference between a perfectly competitive market and a monopolistically competitive market is that

• A) there is no product differentiation in perfect competition.
• B) there is strategic interaction among firms in monopolistic competition.
• C) there is no product differentiation in monopolistic competition.
• D) there are no barriers to entry in monopolistic competition.
• E) there are no barriers to exit in monopolistic competition.

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