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Tidy Tidy
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8 years ago
A monopoly differs from monopolistic competition in that
A) a monopoly has market power while a firm in monopolistic competition does not have any market power.
B) a monopoly can never make a loss but a firm in monopolistic competition can.
C) in a monopoly there are significant entry barriers but there are low barriers to entry in a monopolistically competitive market structure.
D) a monopoly faces a perfectly inelastic demand curve while a monopolistic competitor faces an elastic demand curve.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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VincenzoDVincenzoD
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