A monopolistically competitive industry combines elements of both competition and monopoly. It is correct to say that the competitive element results from .....
A. a relatively large number of firms and the monopolistic element from product differentiation
B. product differentiation and the monopolistic element from high entry
C. a perfectly elastic demand curve and the monopolistic element from low barriers entry barriers
D. a highly inelastic demand curve and the monopolistic element from advertising and product promotion
E. a product homogeneous and the monopolistic element from a perfectly elastic demand curve
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