Multiple Choice
Two different markets each have many buyers and many sellers, none of which have market power. Which of these would be MOST helpful in determining whether each market is monopolistically competitive or perfectly competitive?
A) information on the barriers to entry in each market
B) information on the level of information available to buyers and sellers
C) information on the degree of product differentiation in each market
D) information on the size of each industry
Correct Answer:
Verified
Correct Answer:
Verified
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