Monopolistic competition differs from perfect competition primarily because   a)   in monopolistic competition, there are relatively few barriers to entry. b )  in monopolistic competition, firms can differentiate their products. c )   in monopolistic competition, entry into the industry is blocked. d )   in perfect competition, firms can differentiate their products

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter10: Monopolistic Competition And Oligopoly
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Monopolistic competition differs from perfect competition primarily because

 

a)

 

in monopolistic competition, there are relatively few barriers to entry.

b )

 in monopolistic competition, firms can differentiate their products.

c ) 

 in monopolistic competition, entry into the industry is blocked.

d ) 

 in perfect competition, firms can differentiate their products.


 
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