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One Factor That Distinguishes a Monopoly from Monopolistic Competition Is

Question 130

Multiple Choice

One factor that distinguishes a monopoly from monopolistic competition is that


A) firms in monopolistic competition practice collusion.
B) no barriers to entry exist in a monopoly.
C) barriers to exit exist in monopolistic competition.
D) close substitutes are available in monopolistic competition.
E) firms are price-takers in monopolistic competition.

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