12 multiple choice 2 points what is a major feature of monopolistic competition? b. one seller controls the…

12 multiple choice 2 points what is a major feature of monopolistic competition? b. one seller controls the sales of a single product without competition. d. many sellers feature differentiated products to buyers. a. many sellers offer nearly identical products to buyers. c. few sellers offer similar products that are difficult to produce.

12 multiple choice 2 points what is a major feature of monopolistic competition? b. one seller controls the sales of a single product without competition. d. many sellers feature differentiated products to buyers. a. many sellers offer nearly identical products to buyers. c. few sellers offer similar products that are difficult to produce.

Answer

Brief Explanations:

Monopolistic competition has many firms selling differentiated products. These products are not identical but have features that set them apart in consumers' minds, like brand - name items in a market. Option b describes a monopoly, option a describes perfect competition, and option c describes an oligopoly with barriers to production.

Answer:

d. Many sellers feature differentiated products to buyers