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Which of the following statements best characterizes market structures? a. Monopolistically competitive firms produce homogeneous products .b. Oligopolistic firms produce only differentiated products .c. A

Which of the following statements best characterizes market structures?

a. Monopolistically competitive firms produce homogeneous products

.b. Oligopolistic firms produce only differentiated products

.c. A monopoly is a market structure that has minor barriers to entry.

d. Only a perfectly competitive market structure has NO substantial barriers to entry.

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