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Commerce · Q1527

Economics

Graduate and Post Graduate · Commerce · question 1527

Q1527

Monopolistic competition differs from perfect competition primarily because

A.
in perfect competition, firms can differentiate their products
B.
in monopolistic competition, firms can differentiate their products
Answer
C.
in monopolistic competition, there are relatively few firms
D.
in perfect competition, there are no barriers to entry

Answer: Option B

Solution

Answer: Option B
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