Question

What characteristic is somewhat shared by perfect competition and

monopolistic competition?
Few sellers
O Unique products
Government controls
O
Ease of entering

Answer 1

Ease of entering

Step-by-step explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.