Question: 1- What is the difference between perfect competition and monopolistic competition? Select one: a. Perfect competition has no barriers to entry, while monopolistic competition does.

1-

What is the difference between perfect competition and monopolistic competition?

Select one:

a. Perfect competition has no barriers to entry, while monopolistic competition does.

b. Perfect competition has barriers to entry while monopolistic competition does not.

c. Perfect competition has a large number of small firms while monopolistic competition does not.

d. In perfect competition, firms produce identical goods, while in monopolistic competition, firms produce slightly different goods.

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