Question 17 of 25 Which of the following best states the main difference between a monopoly
and monopolistic competition?
A. Monopolistic competition involves corporations and oligopolies
while monopolies involve only corporations.
B. Monopolistic competition involves slightly differentiated products
while monopoly involves a single product.
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C. Monopolies involve a much lower level of competition than
monopolistic competition.
D. Both monopolies and near monopolies can exist with a certain low
level of competition.
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