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Monopolistic competition differs from pure monopoly in that: Group of answer choices Monopolistic competitors are price takers, monopolists are not Monopolistic competitors face a downward
Monopolistic competition differs from pure monopoly in that: Group of answer choices Monopolistic competitors are price takers, monopolists are not Monopolistic competitors face a downward sloping demand curve, monopolists do not Monopolists maximize profit; monopolistic competitors do not Under monopoly barriers to entry are low, while barriers to entry are high under monopolistic competition Barriers to entry are high under monopoly, but low under monopolistic competition
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