A similarity between monopoly and monopolistic competition isthat, in both marke

Question

A similarity between monopoly and monopolistic competition isthat, in both market structures. a.strategic interactions among sellers are important b.there are a small number of sellers c. sellers are price makers rather than price takers. d.product differentiation is important. A similarity between monopoly and monopolistic competition isthat, in both market structures. a.strategic interactions among sellers are important b.there are a small number of sellers c. sellers are price makers rather than price takers. d.product differentiation is important.

Explanation / Answer

c. sellers are price makers rather than price takers.

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