Question 36 Oligopoly differs from monopolistic competition in that Group of answer choices oligopolies have few buyers, while monopolistically competitive markets have many buyers. oligopolies face downward-sloping demand curves, while monopolistic competitors face horizontal demand curves. mutual interdependence is essential in monopolistic competition. each monopolistically competitive seller produces a slightly differentiated product.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter9: Monopolistic Competition And Oligoply
Section: Chapter Questions
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Question 36
Oligopoly differs from monopolistic competition in that
Group of answer choices
oligopolies have few buyers, while monopolistically competitive markets have many buyers.
oligopolies face downward-sloping demand curves, while monopolistic competitors face horizontal demand curves.
mutual interdependence is essential in monopolistic competition.
each monopolistically competitive seller produces a slightly differentiated product.
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