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All of the Following,except One,are Characteristics of Monopolistic Competition

Question 50

Multiple Choice

All of the following,except one,are characteristics of monopolistic competition.Which is the exception?


A) There is a large number of sellers.
B) Each seller faces a horizontal demand curve for its product.
C) There are no significant barriers to entry or exit.
D) Sellers produce differentiated products.
E) There is a large number of buyers.

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