Amonopolistically competitive industry combines elements of both competition and monopoly. it is correct to say that the competitive element results from:
a) a relatively large number of firms and the monopolistic element from product differentiation.
b) product differentiation and the monopolistic element from high entry barriers.
c) a perfectly elastic demand curve and the monopolistic element from low entry barriers.
d) a highly inelastic demand curve and the monopolistic element from advertising and product promotion.
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Ответ:
D
Step-by-step explanation: