question archive Under monopolistic competition, firms produce _____ a
Under monopolistic competition, firms produce _____ a
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Under monopolistic competition, firms produce _____
a. identical, differentiated, or unique products, depending on the individual firm.
b. identical products.
c. products that are somewhat differentiated.
d. a unique product without close substitutes.
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Under monopolistic competition, firms produce c. products that are somewhat differentiated.
"Differentiated" usually means "branded." Consumer products such as toothpaste and breakfast cereal are examples.
