Question
Monopolistically competitive markets and perfectly competitive markets share some similarities but differ in a number of ways. One such difference between the two is Monopolistically competitive firms______. (1 point)
A. Feature homogenous products
B. Face some barriers to entry
C. Feature differentiated products
D. Face no barriers to entry
A. Feature homogenous products
B. Face some barriers to entry
C. Feature differentiated products
D. Face no barriers to entry
Answers
GPT 3.5
C. Feature differentiated products