The similarity between a monopolistically competitive and purely competitive industry is neither industry has significant barriers to entry.
<h3>What is Monopolistic competition?</h3>
A monopolistic competition is the one that offer similar but substitute products whereas individual firms make their decision.
For a Monopolistic competition, barriers to entry are low same with purely competive industry.
Hence, the similarity between a monopolistically competitive and purely competitive industry is neither industry has significant barriers to entry.
Learn more about monopolistic competitive industry here : brainly.com/question/13113415
