Q
Monopolistic competition differs from perfect competition primarily because ?
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A
A. In monopolistic competition entry into the industry is blocked
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B
B. In monopolistic competition there are relatively few barriers to entry.
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C
C. In monopolistic competition, firms can differentiate their products
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D
D. In perfect competition firms can differentiate their products
Correct Answer:
C. C. In monopolistic competition, firms can differentiate their products
