In monopolistic competition, firms achieve some degree of market power
A. By virtue of size alone
B. By producing differentiated products.
C. Many interdependent industries produce a homogenous product
D. Because of barriers to exit from the industry
Answer:B
In monopolistic competition, firms achieve some degree of market power
A. By virtue of size alone B. By producing differentiated products. C. Many interdependent industries produce a homogenous product D. Because of barriers to exit from the industry