The main difference between perfect competition and monopolistic competition is
A) there are more firms in perfect competition.
B) firms earn profits in the long run in monopolistic competition.
C) monopolistic competition has lower costs.
D) perfect competition has freedom of entry and exit.
E) monopolistic competition has product differentiation.
Correct Answer:
Verified
Q38: Suppose two firms,Allstom from France,and Bombardier
Q39: One characteristic of oligopolistic markets is
A)a large
Q40: One reason an oligopolistic firm may have
Q41: Explicit collusion in an oligopolistic industry
A)occurs when
Q42: Unlike perfectly competitive and monopolistically competitive firms,oligopolists
A)always
Q44: Which of the following products is best
Q45: One difference between a perfectly competitive market
Q46: The diagram below shows demand and cost
Q47: Tacit collusion in an oligopolistic industry
A)results in
Q48: The diagram below shows demand and cost
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