One of the Ways in Which Monopolistic Competitors Differ from Perfect

question 150

Multiple Choice

One of the ways in which monopolistic competitors differ from perfect competitors is that

• A)perfect competitors produce the quantity of output at which marginal revenue equals marginal cost and monopolistic competitors do not.
• B)perfect competitors produce a homogeneous product and monopolistic competitors do not.
• C)there is easy entry and exit for a perfect competitor, but not for a monopolistic competitor.
• D)a and c
• E)b and c

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