Multiple Choice
Given the characteristics: (1) many buyers and sellers, (2) free entry and exit, (3) perfect information, and (4) heterogeneity of products, monopolistic competition and perfect competition share
A) (1) and (4) .
B) (1) , (2) , and (3) .
C) (2) and (4) .
D) (2) , (3) , and (4) .
Correct Answer:
Verified
Correct Answer:
Verified
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