Given the Characteristics: (1) Many Buyers and Sellers, (2) Free

question 233

Multiple Choice

Given the characteristics: (1) many buyers and sellers, (2) free entry and exit, (3) perfect information, and (4) heterogeneity of products, monopolistic competition and perfect competition share

• A)(1) and (4).
• B)(1), (2), and (3).
• C)(2) and (4).
• D)(2), (3), and (4).

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