One difference between oligopoly and monopolistic competition is that a. the monopolistically competitive industry has fewer firms.

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One difference between oligopoly and monopolistic competition is that

a. the monopolistically competitive industry has fewer firms.

b. goods are differentiated in oligopoly, not in monopolistic competition.

c. both have barriers to firm entry, but barriers in oligopoly are impossible to overcome.

d. fewer firms compete in oligopoly than in monopolistic competition.

e. goods in oligopoly have higher cross elasticities among themselves than goods produced in monopolistically competitive industries.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 11, 2024 07:05 AM

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One difference between oligopoly and monopolistic competition is that a. the monopolistically competitive industry has fewer firms.

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Principles Of Microeconomics

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