Which of the Following Statements Is Not Correct

question 585

Multiple Choice

Which of the following statements is not correct?

• A)Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above marginal costs.
• B)Monopolistic competition is similar to perfect competition because both market structures are characterized by free entry.
• C)Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry.
• D)Monopolistic competition is similar to perfect competition because both market structures are characterized by many sellers.

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