Which of the Following Is a Characteristic of 'Monopolistic Competition

Multiple Choice

Which of the following is a characteristic of 'monopolistic competition'? 

A)  Neither the supplier nor the buyer can influence the price of the product because there are a large number of buyers and sellers. 
B)  There is a high degree of product differentiation. 
C)  A limited number of suppliers and a limited product differentiation. 
D)  The supplier cannot influence the price of the product because there are a large number of buyers.