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Economics (AS & A Level) · May / June 2026 · Paper 33 · Question 2

9708Different market structures

What is a characteristic of monopolistic competition?

  1. Aabnormal profits in the long run
  2. Ball firms charge the same price
  3. Cbarriers to entry are high
  4. Dproduct differentiation

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Correct answer: D. product differentiation

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