The Primary Difference Between Monopolistic Competition and Perfect Competition Is

question 120

Multiple Choice

The primary difference between monopolistic competition and perfect competition is:

• A) the ease of entry and exit into the industry.
• B) the number of firms in the market.
• C) Both the ease of entry and exit into the industry and the number of firms in the market are correct.
• D) None of the answers is correct.

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Definitions:

Left Margin

The space on the left side of a page or text that sets the boundary for written or printed content.

Sternum

The breastbone.

Right Margin

The right boundary of a text block in a document, where the line of text ends on the right side.

Limbs

Refers to the arms and legs.