Question 35 The main difference between monopolistic competitors and perfect competitors is that Group of answer choices there is easy entry and exit for perfect competitors but not for monopolistic competitors. there is difficult entry and exit for perfect competitors but not for monopolistic competitors. monopolistic competitors produce differentiated products, but perfect competitors produce homogeneous products. monopolistic competitors produce homogeneous products, and

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter10: Monopolistic Competition And Oligopoly
Section: Chapter Questions
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Question 35
The main difference between monopolistic competitors and perfect competitors is that
Group of answer choices
there is easy entry and exit for perfect competitors but not for monopolistic competitors.
there is difficult entry and exit for perfect competitors but not for monopolistic competitors.
monopolistic competitors produce differentiated products, but perfect competitors produce homogeneous products.
monopolistic competitors produce homogeneous products, and perfect competitors produce differentiated products.
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