:Nope. The answer is (c). The question asked how monopolistic competition DIFFERED from perfect competition. It is particularly important in economics to read the question carefully before answering. In perfect competition, P=MC. The rest of your analysis is fine. (Minus 1). | :Nope. The answer is (c). The question asked how monopolistic competition DIFFERED from perfect competition. It is particularly important in economics to read the question carefully before answering. In perfect competition, P=MC. The rest of your analysis is fine. (Minus 1). |