Question

Monopolistic competition market form where:

• A. Differential product is produced.
• B. Seller has individual rights over his product.
• C. Heterogenous.
• D. All of the above

Answer 1

The correct option is D All of the above

Monopolistic competition is a market structure where there are large number of sellers selling differentiated products. There is also no entry barriers on the firm. Sellers also has individual rights over his product. Hence, monopolistic competition market firm is all of the given options.