In monopolistic competition,each firm supplies a small part of the market.This occurs because
A) there are barriers to entry.
B) there are no barriers to exit.
C) there is a large number of firms.
D) firms produce differentiated products.
E) there is a large number of buyers.
Correct Answer:
Verified
Q1: If a large number of firms are
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Q14: The freedom of entry and exit in
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Q40: Because of product differentiation,firms
A) do not have
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