Monopolistic competition is different from perfect competition mainly because Options: A . &nbspin monopolistic competition, there are relatively few barriers to entry. B . &nbspin monopolistic competition, firms can differentiate their products. C . &nbspin perfect competition, firms can differentiate their products. D . &nbspin monopolistic competition, entry into industry is blocked.

Monopolistic competition is different from perfect competition mainly because

Question

Monopolistic competition is different from perfect competition mainly because

Options:

A . in monopolistic competition, there are relatively few barriers to entry.

B . in monopolistic competition, firms can differentiate their products.

C . in perfect competition, firms can differentiate their products.

D . in monopolistic competition, entry into industry is blocked.

Answer: Option B
Answer: (b).in monopolistic competition, firms can differentiate their products.

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