Question: What is the difference between monopolistic competition and perfect competition? Select one: a.Perfect competition is when firms produce slightly differentiated products. b.Normally a perfectly competitive

What is the difference between monopolistic competition and perfect competition?

Select one:

a.Perfect competition is when firms produce slightly differentiated products.

b.Normally a perfectly competitive industry has fewer firms.

c.In general, a monopolistic competition has barriers to entry.

d.Usually firms in monopolistic competition face a downward-sloping demand curve.

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