Question:
One difference between perfect competition and monopolistic competition is that:
| A. |
In perfect competition, the products are slightly differentiated between firms |
B. |
There are a larger number of firms in monopolistic competition |
C. |
There are a smaller number of firms in perfectly competitive industries |
D. |
Firms in monopolistic competition have some degree of market power |
Answer» d. Firms in monopolistic competition have some degree of market power |
| Note: |
The above multiple-choice question is for all general and Competitive Exams in India. |
