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Which of these is a difference between pure competition and monopolistic competition? Select answer from the options below In pure competition, the goods offered by
Which of these is a difference between pure competition and monopolistic competition? Select answer from the options below In pure competition, the goods offered by individual firms are dissimilar, while in monopolistic competition, the goods offered by individual firms are similar. In pure competition, entry into the market is difficult, while in monopolistic competition, entry into the market is easy. In pure competition, individual firms have no control over price, while in monopolistic competition, individual firms have some control over price. In pure competition, there are many competitors, while in monopolistic competition, there is no direct competition.
Which of these is a difference between pure competition and monopolistic competition?
Select answer from the options below
In pure competition, the goods offered by individual firms are dissimilar, while in monopolistic competition, the goods offered by individual firms are similar.
In pure competition, entry into the market is difficult, while in monopolistic competition, entry into the market is easy.
In pure competition, individual firms have no control over price, while in monopolistic competition, individual firms have some control over price.
In pure competition, there are many competitors, while in monopolistic competition, there is no direct competition.
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