Question

a. The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has multiple choice 1 fewer firms, product differentiation, some price control, and barrier-free entry. more firms, no product differentiation, no price control, and relatively easy but not barrier-free entry. fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry. more firms, product differentiation, some price control, and barrier-free entry.

Answer 1

The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.

What is Monopolistic Competition?

In Monopolistic competition, there are many producers and consumers in the marketplace and all firms have a degree of market control.

The difference between monopolistic competition and pure competition is that monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.

Therefore, C is the correct option.

Learn more about the monopolistic competition here:

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