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Monopolistic Competition Differs from Perfect Competition Primarily Because

Question 4

Multiple Choice
Monopolistic competition differs from perfect competition primarily because:

Monopolistic competition differs from perfect competition primarily because:


A) In monopolistic competition,firms can differentiate their products
B) In perfect competition,firms can differentiate their products
C) In monopolistic competition,there are relatively few barriers to entry
D) In monopolistic competition,entry into the industry is blocked

Correct Answer:

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