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The difference between monopolistic competition and pure competition is that in comparison to pure competition, monopolistic competition has more firms, product differentiation, some price control, and barrier-free entry

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The difference between monopolistic competition and pure competition is that in comparison to pure competition, monopolistic competition has more firms, product differentiation, some price control, and barrier-free entry. fewer firms, product differentiation, some price control, and barrier-free entry. fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry. more firms, no product differentiation, no price control, and relatively easy but not barrier-free entry. b. The difference between monopolistic competition and pure monopoly is that in comparison to monopolistic competition, pure monopoly has one firm, a unique product, price control, and entry barriers. at least one firm, a patented product, some price control, and few entry barriers. at least one competitor, a patented product, little price control, and few entry barriers. one firm, a patented product, some price control, and entry barriers. c. Product differentiation describes registered differences in product characteristics. only occurs when there is brand loyalty. provides an advantage in the market.