Which fact is similar in a purely competitive market and a monopolistically competitive market?
A)
the price-setting power of firms in the market
B)
the ease with which firms can enter the market
the limited number of sellers that are able to operate within the market
D)
the need for firms to differentiate their products to succeed in the market
Answers: 3
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Which fact is similar in a purely competitive market and a monopolistically competitive market?
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