Monopolistic competition differs from perfect competition because in monopolistically competitive markets
A)there are barriers to entry.
B)all firms can eventually earn economic profits.
C)each of the sellers offers a somewhat different product.
D)strategic interactions between firms are important.

Question

Quizplus · Accepted Answer

In monopolistic competition, firms sell products that are differentiated from one another, unlike in perfect competition where products are identical.

Monopolistic Competition Differs from Perfect Competition Because in Monopolistically Competitive