One difference between perfect competition and monopolistic competition is that:

Question 28 options:

A)

In perfect competition, the products are slightly differentiated between firms

B)

There are a smaller number of firms in perfectly competitive industries

C)

Monopolistic competition has barriers to entry, whereas perfect competition has none

D)

Firms in monopolistic competition have some degree of market power

E)

There are a larger number of firms in monopolistic competition