The table presents some assumptions of perfect competition and monopolistic competition. Which combination is correct?
- Aperfect competition: barriers to entry; monopolistic competition: small number of firms
- Bperfect competition: differentiated products; monopolistic competition: large number of firms
- Cperfect competition: freedom of entry and exit; monopolistic competition: barriers to entry
- Dperfect competition: large number of firms; monopolistic competition: differentiated products