Which fact is similar in a purely competitive market and a monopolistically competitive market?

A)the price-setting power of firms in the market

B)the ease with which firms can enter the market

C)the limited number of sellers that are able to operate within the market

D)the need for firms to differentiate their products to succeed in the market

Question

04-10-2022
Mathematics

Answered

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Which fact is similar in a purely competitive market and a monopolistically competitive market?

A)the price-setting power of firms in the market

B)the ease with which firms can enter the market

C)the limited number of sellers that are able to operate within the market

D)the need for firms to differentiate their products to succeed in the market

Sagot :

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