One Difference Between Oligopoly and Monopolistic Competition Is

question 91

Multiple Choice

One difference between oligopoly and monopolistic competition is

• A)there is a smaller number of firms in a monopolistically competitive market than in an oligopoly.
• B)in oligopolies firms make slightly different products whereas in monopolistic competition the products are identical.
• C)monopolistic competition has barriers to entry, whereas oligopoly has none.
• D)fewer firms compete in an oligopoly than in a monopolistically competitive market.
• E)in oligopolies, firms are typically smaller in size.

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