Monopolistic Competition Is Similar to Perfect Competition in That

question 86

Multiple Choice

Monopolistic competition is similar to perfect competition in that:

• A)there are only a few firms in the market.
• B)entry into and exit from the market is easy.
• C)there are significant barriers to entry in the market.
• D)each firm sells a homogeneous product.
• E)each firm differentiates its product through advertising.

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