What Is the Difference Between Pure Competition and Monopolistic Competition

question 22

Multiple Choice

What is the difference between pure competition and monopolistic competition?

• A) minimal, as the conditions for each are quite similar.
• B) under pure competition there are many sellers and the product is homogeneous
• C) while there are many sellers, there is some differentiation in the product
• D) not as great as there are with an oligopoly

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Definitions:

Motor Neurons

Nerve cells forming part of the nervous system which initiate and conduct signals to muscles, causing them to contract or relax.

Central Nervous System

The part of the nervous system that consists of the brain and spinal cord, responsible for processing and sending out neurological information.

Peripheral Nervous System

The part of the nervous system that consists of nerves and ganglia outside of the brain and spinal cord, connecting the central nervous system to limbs and organs.

Circulatory System

The body's system responsible for the movement of blood and lymph, facilitating the distribution of nutrients, oxygen, and waste removal.