One key feature of a monopolistically competitive market is a. that there are a lot of firms who sell similar goods but not identical. O b. that there are a few firms who sells the goods which are not identical. c. that there are a lot of firms selling identical goods. d. that there are a few firms who sells the goods which are different.

One key feature of a monopolistically competitive market is a. that there are a lot of firms who sell similar goods but not identical. O b. that there are a few firms who sells the goods which are not identical. c. that there are a lot of firms selling identical goods. d. that there are a few firms who sells the goods which are different.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter16: Monopolistic Competition

Section: Chapter Questions

Problem 1QCMC

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