In a Monopolistically Competitive Market,all of the Following Are Correct,except

question 19

Multiple Choice

In a monopolistically competitive market,all of the following are correct,except:

• A) Firms produce differentiated products
• B) There are no barriers to entry
• C) Firms have some control over the price they charge
• D) There are many firms in the market
• E) Firms can easily enter and exit the market

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