Which of the following is TRUE about monopolistic competition?
A) One firm serves as the entire industry.
B) A small number of firms serve the entire market.
C) It is competition among many firms producing similar but differentiated products.
D) The pattern of production and trade is difficult to predict.
E) It enjoys no economies of scale.
Correct Answer:
Verified
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Q18: Intraindustry trade relies on
A)economies of scale.
B)the product
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