One difference between monopolistic competition and pure competition is that:
A) products can be standardized or differentiated in pure competition.
B) there is some control over price in monopolistic competition.
C) monopolistic competition has significant barriers to entry.
D) firms differentiate their products in pure competition.

Question

Quizplus · Accepted Answer

In monopolistic competition, firms have some control over price due to product differentiation, unlike in pure competition where products are identical and firms are price takers.

One Difference Between Monopolistic Competition and Pure Competition Is That