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.
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.
ChapterP3: Market Structure
Section: Chapter Questions
Problem 8KC
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Question
The feature that distinguishes
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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