Which one of the following statement is not a characteristic of monopolistic competition?
A. Ease of entry into the industry.
B. Product differentiation.
C. A relatively large number of sellers.
D. A homogenous product.
Answer:D
Which one of the following statement is not a characteristic of monopolistic competition?
A. Ease of entry into the industry. B. Product differentiation. C. A relatively large number of sellers. D. A homogenous product.