If each product had only one quality or characteristic that mattered to consumers, the monopolistic competition models would
a. be more like the monopoly models of an earlier chapter.
b. be more like the competitive models of an earlier chapter.
c. predict that average production costs would be higher than they are with multi-characteristic products.
d. not be modified in any of the above ways.
Answer: b. be more like the competitive models of an earlier chapter.