One difference between perfect competition and monopolistic competition is that
A) monopolistic competitors advertise to increase sales of their product, whereas perfect competitors do not.
B) monopolistic competitors earn positive economic profits in the long run, whereas perfect competitors do not.
C) perfect competitors earn positive economic profits in the long run, whereas monopolistic competitors do not.
D) monopolistic competitors face a perfectly elastic demand for their product, whereas perfect competitors do not.
Correct Answer:
Verified
Q1: Which of the following is NOT a
Q2: The type of product sold by a
Q3: The most common form of market structure
Q4: One difference between perfect competition and monopolistic
Q6: Monopolistic competition is a form of
A) barrier
Q7: In the long run, the monopolistic competitor
Q8: One difference between monopoly and monopolistic competition
Q9: One of the differences between perfect competition
Q10: Which of the following is the best
Q11: Which one of the following is true
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