The feature that distinguishes monopolistic competition from perfect competition is that monopolistically competitive firms are a. able to differentiate their products. b. price takers. c. large relative to the market. d. able to block the entry of other firms.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
ChapterP3: Market Structure
Section: Chapter Questions
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The feature that distinguishes monopolistic competition from perfect competition is that monopolistically competitive firms are

a.

able to differentiate their products.

b.

price takers.

c.

large relative to the market.

d.

able to block the entry of other firms.

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