The Basic Difference Between Pure Competition and Monopolistic Competition Is

question 172

True/False

The basic difference between pure competition and monopolistic competition is in the number of firms in the industry.

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Definitions:

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, not realized until the asset is sold for a lower price.

Outstanding Voting Shares

The number of shares that are currently held by shareholders that grant them the right to vote on company matters.

Cash Dividend

Cash distributed by a business to its owners from the earnings it has generated.

Net Amount

The remaining balance of a transaction after all deductions, including taxes and discounts, have been applied.