toplearner757 toplearner757

07-05-2020
Business

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Which of the following statements is not correct? a. Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above marginal costs. b. Monopolistic competition is similar to perfect competition because both market structures are characterized by free entry. c. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry.

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olddirt24 olddirt24

07-05-2020

Answer:

c. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry.

Explanation:

reader beware your answer is right there.

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