In monopolistic competition, prices are set by which of the following?
A) the government
B) the buyer
C) the seller
D) the market

Name: In monopolistic competition, prices are set by which of the following? A) the government B) the buyer C) the seller D) the market
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Question

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In monopolistic competition, each firm has some degree of market power, allowing the seller (or the firm) to set its own prices within certain limits, unlike in perfect competition where the market dictates prices.

In Monopolistic Competition, Prices Are Set by Which of the Following