Kizspy | Question: 38 (Choose 1 answer)
Which of the following statements is not correct?
A. Monopolistic competition is similar to monopoly because the firms can charge a price above MC
B. Monopolistic competition is similar to perfect competition because both market have the same characteristic of free entry
C. Monopolistic competition is similar to oligopoly because both market have the same characteristic of
barriers to entry
D. Monopolistic competition is similar to perfect competition because both market have the same characteristic of many sellers
