Monopolistic competition exists when:
A)there are very few businesses selling a product
B)many small businesses selling one standardized product are present in the market.
C)there is only one producer of a product in a given market.
D)individual businesses have control over their products' price.
E)there is slowdown of the economy characterized by a decline in spending.

Question

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The Answer of Monopolistic competition exists when:
A)there are very few businesses selling a product
B)many small businesses selling one standardized product are present in the market.
C)there is only one producer of a product in a given market.
D)individual businesses have control over their products' price.
E)there is slowdown of the economy characterized by a decline in spending.

Monopolistic Competition Exists When