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Which is true of pure competition but not of monopolistic competition?
a. Identical products
b. A large number of buyers and sellers
c. Perfect information
d. Free entry and exit
Which is true of pure competition but not of monopolistic competition?
a. Identical products
b. A large number of buyers and sellers
c. Perfect information
d. Free entry and exit
Yusra AneesLv10
18 Mar 2021
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Related textbook solutions
Related questions
Which of the following is not characteristic of perfect competition?
| a. | many buyers and sellers |
| b. | brand name advertising |
| c. | standardized products |
| d. | fully informed buyers and sellers |
| e. | free entry and exit of firms |
