Monopolistic competition differs from monopoly because in monopolistic competition

Question

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In monopolistic competition, firms are free to enter and exit the market, which is a key difference from a monopoly where a single firm dominates and barriers to entry are high. Both monopolistic competition and monopoly firms set marginal revenue equal to marginal cost to maximize profit and aim to maximize profits, making B and C characteristics of both market structures rather than differences.

Monopolistic Competition Differs from Monopoly Because in Monopolistic Competition