Gwhat is one difference between a firm in a perfectly competitive industry and a firm in a monopolistically competitive industry? a monopolistically competitive industry does not have a large number of sellers. a monopolistically competitive firm does not face entry from other firms. a monopolistically competitive firm does not choose a level of output where marginal cost is equal to marginal revenue. a monopolistically competitive firm does not have the exact same product as other firms.

The correct answer is the last statement.

Explanation:

A monopolistic market has a large number of buyers and sellers. The sellers produce close substitutes. The firms rely on advertising. There is a relatively higher degree of competition and restriction on entry as compared to a perfectly competitive market. The firms are able to maximize profit at the point where marginal cost is equal to marginal benefit.

In a perfectly competitive market, however, there are large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit of the new firms. The profit is maximized at the point where price, marginal revenue, and, average revenue are equal to marginal cost.

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.