Monopolistic Competition Differs from Monopoly Because in Monopolistic Competition

Multiple Choice

Monopolistic competition differs from monopoly because in monopolistic competition

A) firms maximize profits.
B) firms set marginal revenue equal to marginal cost to maximize profit.
C) firms are free to enter and exit.
D) All of the above are differences between monopoly and monopolistically competitive firms.
E) None of the above are differences between monopoly and monopolistically competitive firms.