Sapling Learning Mapo Fill in the blanks with the answer choices that best answe

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Sapling Learning Mapo Fill in the blanks with the answer choices that best answer the questions below. Scroll down to see all the questions. Monopolies and monopolistically competitive firms differ in that monopolies O O O differentiate their products participate in markets where barriers to entry are present face competition from many other firms Firms in monopolistic competitionparticipate in marets where barriers to entry are present O face competition from many other firms O differentiate their products which makes monopolistic competition different than perfect competition. In comparison to oligopolies, firms in monopolistic competition O O O differentiate their products face competition from many other firms participate in markets where barriers to entry are present Which of the following scenarios is an example of an industry in monopolistic competition? OPreviousne Gre Up & View Solution 1( ) Next xit Check Answer

Explanation / Answer

First is correct that monopolies do business in a market where entry is difficut or there are large barrier to entfy

Second is correct because in monopolistc competition firm differentiate their product to get some market power

Third is also correct as in monopolistic competition, there is free entry and exit which makes no. Of firms large and in oligopoly there are barrier to entry due to which there are few firms.

Your all answers are correct

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