Monopolistic competition is a market structure in which
A) a very small number of firms compete.
B) natural or legal barriers prevent the entry of new firms.
C) firms compete on product quality, price and marketing.
D) firms produce identical products.
Correct Answer:
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Q75: Q76: In monopolistically competitive industries, Q77: In monopolistic competition, firms can make an Q78: In monopolistic competition Q79: In the long run, monopolistically competitive firms Q81: Q82: In the long run, monopolistically competitive firms Q83: In monopolistic competition, in the long run Q84: Q85: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) there is no
A) firms produce and sell
