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19 June, 01:24

A major characteristic of monopolistic competition is that prices will be

A. higher than in perfect competition.

B. lower than in perfect competition.

C. higher than in a true monopoly.

D. unrelated to the type of competition.

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Answers (1)
  1. 19 June, 04:13
    0
    A major characteristic of monopolistic competition is that prices will be B. lower than in perfect competition.
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