Answer to Question #216069 in Microeconomics for Bongz

Question #216069

Each of the following is a condition necessary for the existence of monopolist competition except?

A)fairly large number(25-75) buyers and sellers of the product must exist. B) firms must be able to enter exit an industry with relatively ease.C)firms must offer identical products for sale.D)buyers must be well informed about Differentiated products.

Expert's answer

B) firms must be able to enter exit an industry with relatively ease

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