One Difference Between Oligopoly and Monopolistic Competition Is

Multiple Choice

One difference between oligopoly and monopolistic competition is

A) there is a smaller number of firms in a monopolistically competitive market than in an oligopoly.
B) in oligopolies firms make slightly different products whereas in monopolistic competition the products are identical.
C) monopolistic competition has barriers to entry, whereas oligopoly has none.
D) fewer firms compete in an oligopoly than in a monopolistically competitive market.
E) in oligopolies, firms are typically smaller in size.