Why Is Each Firm in a Monopolistically Competitive Industry Considered

Multiple Choice

Why is each firm in a monopolistically competitive industry considered as a "mini" monopoly?

A) There is a large number of sellers in the market
B) Each firm in monopolistic competition is a price taker
C) The product of each firm is unique in some way or the other
D) Each firm faces a perfectly elastic demand curve
E) There exists a large number of close substitutes of the products