All of the following are characteristics of monopolistic competition EXCEPT:
A) the use of advertising to differentiate products
B) a relatively large number of sellers
C) each seller firm is not particularly concerned about the relationship between its individual actions and those of other firms in the industry.
D) a few sellers.
E) each seller firm attempts to retain or increase its market share by differentiating its product from the output of other firms.
Correct Answer:
Verified
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