The use of word competition in the name of the market structure called monopolistic competition refers to the fact that ?

A. Monopolistically competitive firms charge prices equal to the minimum of their average total cost just like competitive firms.

B. The products are differentiated in a monopolistically competitive market just like in a competitive market.

C. there are many sellers in a monopolistically competitive market and there is free entry and exit in the market just like a competitive market

D. Monopolistically competitive firms face a downward-sloping demand curve just like competitive firms.

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