The wedding dress industry is monopolistically competitive. As a result, which of the following conditions applies to

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The wedding dress industry is monopolistically competitive. As a result, which of the following conditions applies to this industry?
A. There are thousands of dress suppliers, all selling identical products.
B. Dresses tend to be differentiated among the many sellers serving this market.
C. There is freedom of entry but not exit in this industry.
D. Prices tend to be lower than if the dress industry approximated perfect competition.n

Posted Date: Nov 27, 2021 10:19 PM

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The wedding dress industry is monopolistically competitive. As a result, which of the following conditions applies to

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In the wedding dress industry there are many suppliers who offer different products designs ... View the full answer

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