One difference between monopolistic competition and perfect competition is that

A$.$

there is some control over price in monopolistic competition.

B$.$

monopolistic competition has significant barriers to entry.

C$.$

products may be homogeneous in monopolistic competition.

D$.$

firms differentiate their products in perfect competition.

Part $2$

In the long$$ run, economic profits for a monopolistically competitive firm are

A$.$

the same as the profits for a monopolist.

B$.$

slightly more than the profits of a perfectly competitive firm.

C$.$

significantly more than the profits of a perfectly competitive firm.

D$.$

the same as the profits for a perfectly competitive firm.