Which of the following is TRUE about monopolistic competition? A) One

Which of the following is TRUE about monopolistic competition?

A) One firm serves as the entire industry.
B) A small number of firms serve the entire market.
C) It is competition among many firms producing similar but differentiated products.
D) The pattern of production and trade is difficult to predict.
E) It enjoys no economies of scale.

 

ANSWER

C

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00