I need the answer as soon as possible 27. The major difference betweenperfect competition andmonopolistic competition isA. O Number of firmsВ.Differentiated productC. O Rate of profitD. O Free exit and entry

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27. The major difference between perfect competition and monopolistic competition is

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 8SCQ: A market in perfect competition is in long-run equilibrium. What happens to the market if labor...

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

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I need the answer as soon as possible

27. The major difference between
perfect competition and
monopolistic competition is
A. O Number of firms
В.
Differentiated product
C. O Rate of profit
D. O Free exit and entry

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