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One critical characteristic of monopolistic competition is that a. one firm dominates the industry. a few firms collude with each other by agreeing...

One critical characteristic of monopolistic competition is that

a. one firm dominates the industry.

b. a few firms collude with each other by agreeing on price.

c. a few firms compete without agreeing on price.

d. there are many small firms in the industry.

e. there is one large firm in the industry, but it has no control over the price.

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b. a few firms collude with... View the full answer

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Other Answers

The answer is d.) there are... View the full answer

The solution is... View the full answer

d. There are many... View the full answer

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