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Question 18 of 20
What is a major feature of monopolistic competition?
A. Many sellers offer nearly identical products to buyers.
B. Many sellers feature differentiated products to buyers.
C. One seller controls the sales of a single product without
competition.
D. Few sellers offer similar products that are difficult to produce.
SUMMIT

Respuesta :

Answer: B

Explanation:

A major feature of monopolistic competition is that many sellers provided differentiated goods to purchasers.

Option B is correct.

What is monopoly?

Monopoly is the market which has only one seller controlling the entire market in corresponding to that product.

Monopolistic competition is the scenario where the identical products are manufactured by firms with having no close substitutes. In this market, the sellers sold those goods where there are no related goods to be produced.

Therefore, the feature describing in option B is correct.

Learn more about the monopoly in the related link:

https://brainly.com/question/10441375

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