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Part $1$

Which of the following statements does NOT pertain to monopolistically competitive$$ industries?

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Part $1$

A$.$

The entry and exit costs are very low.

B$.$

Examples of monopolistically competitive industries include$$ toothpaste, shampoo, and golf balls.

C$.$

The products being sold are homogenous with respect to costs or product attributes.

D$.$

There are large numbers of competing firms.

E$.$

The firm in such industries can earn competitive advantages.