A similarity between monopoly and monopolistic competition is that in both market structures
A)strategic interactions among sellers are important.
B)there are a small number of sellers.
C)sellers are price makers rather than price takers.
D)there are only a few buyers but many sellers.

Question

Quizplus · Accepted Answer

Both monopoly and monopolistic competition involve sellers who have some control over the price of their products, making them price makers rather than price takers.

A Similarity Between Monopoly and Monopolistic Competition Is That in Both