Monopolistic competition is characterized by:
A) homogeneous products.
B) barriers to entry
C) firms earning economic profits in the long run.
D) differentiated products.
E) firms facing perfectly elastic demand curves.
Correct Answer:
Verified
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Q28: Under monopolistic competition:
A) there are significant barriers
Q30: In a monopolistically competitive market:
A) there are
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A)one firm selling
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