One Factor That Distinguishes a Monopoly from Monopolistic Competition Is

question 130

Multiple Choice

One factor that distinguishes a monopoly from monopolistic competition is that

• A)firms in monopolistic competition practice collusion.
• B)no barriers to entry exist in a monopoly.
• C)barriers to exit exist in monopolistic competition.
• D)close substitutes are available in monopolistic competition.
• E)firms are price-takers in monopolistic competition.

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