nataliesmith2842 nataliesmith2842

17-07-2020
Business

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Which of the following conditions distinguishes monopolistic competition from perfect competition? a. the freedom of entry and exit by firms in the market b. the number of sellers in the market c. the size of firms in the market d. product differentiation

Respuesta :

sharonkaran sharonkaran

17-07-2020

Answer:

d)product differentiation

Explanation:

monopolism is when only one producer in the area produces the good/service thus there is no competition eg power supply company while perfect competition is when same type of products but different styles are produced making the business environment competitive.

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