One Difference Between Oligopoly and Monopolistic Competition Is That

question 19

Multiple Choice

One difference between oligopoly and monopolistic competition is that

• A) a monopolistically competitive industry has fewer firms.
• B) in monopolistic competition, the products are identical.
• C) monopolistic competition has barriers to entry.
• D) fewer firms compete in oligopoly than in monopolistic competition.

---

Definitions:

Terms

The constituent elements or concepts in a proposition, agreement, or equation.

Shrink

Informal term for a psychiatrist or psychologist, derived from the notion of "shrinking" a person's problems.

Psychotherapist

A professional who treats mental disorders and emotional difficulties through verbal and psychological techniques.

Connotation

The implied or associated meaning of a word or expression, beyond its explicit or primary meaning.