The similarity between a monopolistically competitive and purely competitive industry is neither industry has significant barriers to entry.
What is Monopolistic competition?
A monopolistic competition is the one that offer similar but substitute products whereas individual firms make their decision.
For a Monopolistic competition, barriers to entry are low same with purely competive industry.
Hence, the similarity between a monopolistically competitive and purely competitive industry is neither industry has significant barriers to entry.
Learn more about monopolistic competitive industry here : https://brainly.com/question/13113415
