Which of the following assumptions do the market structures of monopolistic competition and perfect competition share?
A)many buyers and sellers
B)homogeneous products
C)difficult entry into the market
D)difficult exit from the market

Question

Quizplus · Accepted Answer

Both monopolistic competition and perfect competition assume the presence of many buyers and sellers in the market, which ensures no single buyer or seller can influence market prices significantly.

Which of the Following Assumptions Do the Market Structures of Monopolistic