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Q. |
One difference between perfect competition and monopolistic competition is that: |
A. | In perfect competition, the products are slightly differentiated between firms |
B. | There are a larger number of firms in monopolistic competition |
C. | There are a smaller number of firms in perfectly competitive industries |
D. | Firms in monopolistic competition have some degree of market power |
Answer» D. Firms in monopolistic competition have some degree of market power |
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