Which of the Following Is the Most Accurate Description of Industries

Multiple Choice

Which of the following is the most accurate description of industries?

A) A monopolistically competitive industry is more competitive than any other industry form.
B) Monopolies are more competitive than monopolistically competitive firms.
C) Monopolistically competitive firms are located between monopoly and perfect competition.
D) All firms can make a long-run economic profit,but only perfect competitors can make a short-run profit.
E) All firms engage in short-run loss minimization by selecting the point where marginal revenue equals price.