The reason that monopoly remains a root-word for monopolistically competitive market is because of:

Question

Quizplus · Accepted Answer

In a monopolistically competitive market, sellers have some degree of market power and are able to set prices rather than taking them as given, which is similar to a monopoly. However, there are many sellers in the market and the products sold are often differentiated, leading to a more competitive environment than a pure monopoly. Therefore, C is the best choice.

The Reason That Monopoly Remains a Root-Word for Monopolistically Competitive