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Question #45650

Monopolistic Competition is different from Perfect Competition because of:

Options:

A) The large number of firms in the industry

B) The lack of barriers to entry and exit of firms

C) The low level of price competition in Monopolistic Competition

D) The high level of price competition in Monopolistic Competition

Answer: Monopolistic Competition is different from Perfect Competition because of: The low level of price competition in Monopolistic Competition.

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