which aspect of monopolistic competition gives consumers more choice?\nproducers rely on consumer decisions…
which aspect of monopolistic competition gives consumers more choice?\nproducers rely on consumer decisions to succeed.\nprice is not an important factor.\nfew barriers to market entry exist.\nproducers are more concerned about selection than profits.
Answer
Brief Explanations:
In monopolistic competition, few barriers to market - entry allow more producers to enter the market. More producers mean a greater variety of products, thus giving consumers more choice. Producers relying on consumer decisions doesn't directly relate to more choice. Price is an important factor in such markets. And producers generally aim for profits, not just selection.
Answer:
Few barriers to market entry exist.