There are more pricing options in pure competition than in monopolistic competition.

Name: There are more pricing options in pure competition than in monopolistic competition.
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Question

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In pure competition, the market sets the price due to the large number of sellers offering identical products, leaving little room for individual pricing strategies. In monopolistic competition, each firm has some degree of market power due to product differentiation, allowing for more pricing options.

There Are More Pricing Options in Pure Competition Than in Monopolistic