The monopolistic competitor
A) produces a good or service that has no close substitutes.
B) is usually a small firm.
C) has very little competition.
D) is protected by substantial barriers to entry.
Correct Answer:
Verified
Q72: Monopolistic competitors have _ rivals who produce
Q73: In the long run if some firms
Q74: The typical monopolistic competitor
A)is a large firm.
B)may
Q75: Monopolistic competition differs from perfect competition because
A)monopolistic
Q76: If firms in a monopolistically competitive industry
Q78: In monopolistic competition,firms can have some market
Q79: The monopolistic competitor
A)may make a profit in
Q80: Product differentiation
A)takes place in the minds of
Q81: In the long run the monopolistic competitor
A)charges
Q82: 
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