MCQOPTIONS
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| 1. |
Monopolistic competition is different from perfect competition mainly because |
| A. | in monopolistic competition, there are relatively few barriers to entry. |
| B. | in monopolistic competition, firms can differentiate their products. |
| C. | in perfect competition, firms can differentiate their products. |
| D. | in monopolistic competition, entry into industry is blocked. |
| Answer» C. in perfect competition, firms can differentiate their products. | |