Which of the following features make a monopolistic competitive firm different from a perfectly competitive firm ?

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
Which of the following features make a monopolistic competitive firm different from a perfectly competitive firm ?
(A) Differentiated products
(B) Number of sellers
(C) Number of buyers
(D) Free entry and exit of the firm.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Differentiated products.

Topics: Business Economics

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