25. Monopolistic competition resembles pure competition because: a. both industries emphasize nonprice competition. b. in both instances firms will operate at the minimum point on their long-run average total cost curves. c. both industries entail the production of differentiated products. d. barriers to entry are either weak or nonexistent.

25. Monopolistic competition resembles pure competition because:
a. both industries emphasize nonprice competition.
b. in both instances firms will operate at the minimum point on their long-run average total cost curves.
c. both industries entail the production of differentiated products.
d. barriers to entry are either weak or nonexistent.

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