Which of the following statements is not correct? Answer Monopolistic competitio

Question

Which of the following statements is not correct? Answer Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above marginal costs. Monopolistic competition is similar to perfect competition because both market structures are characterized by free entry. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry. Monopolistic competition is similar to perfect competition because both market structures are characterized by many sellers Which of the following statements is not correct? Which of the following statements is not correct? Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above marginal costs. Monopolistic competition is similar to perfect competition because both market structures are characterized by free entry. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry. Monopolistic competition is similar to perfect competition because both market structures are characterized by many sellers Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above marginal costs. Monopolistic competition is similar to perfect competition because both market structures are characterized by free entry. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry. Monopolistic competition is similar to perfect competition because both market structures are characterized by many sellers

Explanation / Answer

Monopolistic competition is similar to oligopoly because both market structures are characterized by

barriers to entry.

since monopoly is completely different from oligopoy

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