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One Critical Characteristic of Monopolistic Competition Is

Question 3

Multiple Choice

One critical characteristic of monopolistic competition is:


A) one firm dominates the industry.
B) a few firms collude with each other by agreeing on price.
C) a few firms compete without agreeing on price.
D) there are many small firms in the industry.
E) there is one large firm in the industry but it has no control over the price.

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