Monopolistic competition is characterized by:
a. a large number of firms selling differentiated products.
b. a perfectly elastic demand curve.
c. high barriers to entry.
d. a large number of firms selling identical products
e. a small number of firms selling differentiated products.

Question

Monopolistic competition is characterized by:
a. a large number of firms selling differentiated products.
b. a perfectly elastic demand curve.
c. high barriers to entry.
d. a large number of firms selling identical products
e. a small number of firms selling differentiated products.

Monopolistic competition is characterized by:

a. a large number of firms selling differentiated products.

b. a perfectly elastic demand curve.

c. high barriers to entry.

d. a large number of firms selling identical products

e. a small number of firms selling differentiated products.

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Monopolistic competition is characterized by: a. a large number of firms selling differentiated products. b. a perfectly elastic demand curve. c. high barriers to entry. d. a large number of firms selling identical products e. a small number of firms selling differentiated products.