Answered

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What types of products apply to monopolistic competition?

A. Differentiated and/or identical products
B. Differentiated products
C. Identical products

Sagot :

GinnyAnswer

Final answer:

Monopolistic competition involves firms selling differentiated products.


Explanation:

Monopolistic competition refers to a market structure where many firms sell differentiated products. These products are similar but possess unique features that set them apart from competitors. Examples of differentiated products include various brands of smartphones or different types of coffee.


Learn more about Monopolistic competition here:

https://brainly.com/question/33654925


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