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According to Chamberlin, the activity of a monopolistic competitive firm:

A. Get noticed by the rival firms

B. Get unnoticed by the rival firms

C. Get noticed by the employees of the rival firms

D. None of the above

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Correct Answer : B.


According to Chamberlin, the number of firms in monopolistic competition is so large that their activities, especially about price and output, go unnoticed by the rival firms.)

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