Which statement is true?

A) The monopolistic competitor is often a large firm.
B) Most firms in the U.S.are not monopolistic competitors.
C) Price discrimination is impossible under monopolistic competition.
D) None of these statements are true.

Monopolistic Competitor

A firm operating in a market with many competitors but differentiating its product or services from others, thus having some degree of market power.

Price Discrimination

A strategy where a company sells the same product at different prices to different customers, not based on costs but typically on willingness or ability to pay.