Question

When an industry has many firms, the industry is an oligopoly if the firms sell differentiated...

When an industry has many firms, the industry is

an oligopoly if the firms sell differentiated products, but it is monopolistically competitive if the firms sell identical products.
perfectly competitive if the firms sell differentiated products, but it is monopolistically competitive if the firms sell identical products.
monopolistically competitive if the firms sell differentiated products, but it is perfectly competitive if the firms sell identical products.
an oligopoly if the firms sell differentiated products, but it is perfectly competitive if the firms sell identical products.
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I S on wdu CH pods seus derb Thrd o phow is Cork

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