Monopolistic competition is similar to perfect competition, Ask an Expert

Economics

Monopolistic competition is similar to perfect competition because:

A. both industry structures have a single seller.

B. in both industry structures, long-run profits are likely to be positive.

C. in both industry structures, the firm's demand curve is horizontal.

D. in both industry structures, there are no barriers to entry.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236824

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