Which of the following is the primary difference between monopolistic competition and pure competition? A. product...
Which of the following is the primary difference between monopolistic competition and pure competition?
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A. product differentiation
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B. barriers to entry
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C. extremely large firm size found in in pure competition.
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D. none of the above.
Homework Answers
The main difference between monopolistic competition of pure competition is about product differentiation
Pure competition deals in homogeneous products but monopolistic competition deals in differentiated product in terms of Shape, size, colour etc.
They both have a barrier to entry and large size of producers and buyers in the market .
Answer is option A
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