4115EconomicsMedium
Monopolistic competition differs from perfect competition primarily because?
Ain monopolistic competition there are relatively few barriers to entry.
Bin perfect competition firms can differentiate their products
Cin monopolistic competition, firms can differentiate their products
Din monopolistic competition entry into the industry is blocked
Correct answer
C. in monopolistic competition, firms can differentiate their products
Explanation
The correct answer is in monopolistic competition, firms can differentiate their products.