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Monopolistic competition is characterized by: a) A relatively large number of sellers who produce differentiated products. b) A relatively small number of sellers who produce

Monopolistic competition is characterized by:

a) A relatively large number of sellers who produce differentiated products.

b) A relatively small number of sellers who produce differentiated products.

c) One or two companies producing similar products.

d) A relatively large number of sellers who produce a standardized product.

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