The existence of a large number of firms in monopolistic competition
A) means that each firm has a small market share.
B) makes it possible for each firm's price to deviate by a large amount from the average price of the other firms.
C) means that a firm must pay attention to the behaviour of all of its competitors.
D) All of the above answers are correct.
E) None of the above answers are correct.
Correct Answer:
Verified
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A)firms can collude.
B)each firm has
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A)faces
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B)the goods
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