Explain the main differences between firms operating under monopolistic competition and monopoly.
发布时间:2024-04-18 20:10:08
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There are more sellers in a market characterized by monopolistic competition.
B:It is easier for sellers to enter a market or industry characterized by monopolistic competition.
C:In a perfectly competitive market, products are more dissimilar.
D:In a market characterized by monopolistic competition, individual firms have some control over price.
E:In a perfectly competitive market, the size of the firms must be large.