The key characteristics of a monopolistically competitive market structure include - 3664

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The key characteristics of a monopolistically competitive market structure include 

A.   all sellers sell a homogeneous product.

B.   many small (relative to the total market) sellers acting independently.

C.   sellers have no incentive to advertise their products. 

D.   barriers to entry are strong.

Solution Description

The key characteristics of a monopolistically competitive market structure include