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Monopolistic competition is different from pure competition in that

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Monopolistic competition is different from pure competition in that

Monopolistic competition is different from pure competition in that
A) monopolistic competitors produce where MR = MC, but pure competitors do not.
B) monopolistic competition is characterized by a small number of firms while pure competition is not.
C) monopolistic competitors are protected by barriers to entry, while pure competitors are not.
D) monopolistic competitors sell differentiated products, while pure competitors sell identical products.
E) monopolistic competitors sell identical products while pure competitors sell differentiated products.

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Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

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