The monopoly portion of the market structure "monopolistic competition" refers to _____, while the competition portion refers to _____.   a. Differentiated products; barriers to entry b. Differentiated products; free entry and exit c.  Identical products; barriers to entry d. Identical products; free entry and exit

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: Monopolistic Competition
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The monopoly portion of the market structure "monopolistic competition" refers to _____, while the competition portion refers to _____.
 
a. Differentiated products; barriers to entry
b. Differentiated products; free entry and exit
c.  Identical products; barriers to entry
d. Identical products; free entry and exit
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