A Major Difference Between Monopolistic Competition and Perfect Competition Is

question 181

Multiple Choice

A major difference between monopolistic competition and perfect competition is

• A)the number of sellers in the markets.
• B)the degree by which the market demand curves slope downwards.
• C)that products are not standardized in monopolistic competition unlike in perfect competition.
• D)the barriers to entry in the two markets.

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Definitions:

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Art that represents real-world objects or subjects, not abstract concepts, often emphasizing the human form or other recognizable figures.

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Prehistoric drawings or paintings found on cave walls, often depicting animals or humans, and considered significant in the study of human history and art.