The reason that the coffeehouse market is monopolistically competitive - 3665

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Request Description

The reason that the coffeehouse market is monopolistically competitive rather than perfectly competitive is because 

A.   there are many firms in the market.

B.   barriers to entry are very low.

C.   entry into the market is blocked.

D.   products are differentiated.

Solution Description

The reason that the coffeehouse market is monopolistically competitive rather than perfectly competitive is