Which of the following factors signify monopolistic competition?
1. Differentiated products
2. Large number of buyers and sellers
3. Barriers to entry

Question

Which of the following factors signify monopolistic competition?
1. Differentiated products
2. Large number of buyers and sellers
3. Barriers to entry
4. Homogeneous products
Select the correct answer using the code given below:

Accepted Answer

(A) 1 and 2 only

Answer

(B) 1, 2 and 3 only

Answer

(C) 3 and 4 only

Answer

(D) 2 and 4 only