A barriers to entry are very low b there are many

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A) barriers to entry are very low. B) there are many firms in the market. C) products are differentiated. D) entry into the market is blocked.
All of the following characteristics are common to both monopolistic competition and perfect competition except
A major difference between monopolistic competition and perfect competition is
Which of the following is true for a firm with a downward-sloping demand curve for its product?
C) Price equals average revenue but is greater than marginal revenue. D) Price equals average revenue but is less than marginal revenue.

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