Ask Question
23 January, 08:30

What are the most important differences between perfectly competitive markets and Unlike in perfectly competitive markets, in monopolistically competitive markets, A. firms face horizontal demand curves, and there are no barriers to entry B. firms face downward-sloping demand curves, and the products competitors sell are identical. C. firms face downward-sloping demand curves, and the products competitors sell are differentiated D. there are only a few sellers, and the products competitors sell are differentiated E. firms face downward-sloping demand arves, and there are substantial barriers to entry

+1
Answers (1)
  1. 23 January, 08:57
    0
    The correct answer is option C, firms face downward-sloping demand curves, and the products competitors sell are differentiated

    Explanation:

    In monopolistically competitive market all companies sell distinguished products. In this market all companies face downward sloping demand curve. These are the expectations of monopolistically competitive market. Therefore, option C is correct.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What are the most important differences between perfectly competitive markets and Unlike in perfectly competitive markets, in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers