A market with few entry barriers and with many firms that sell differentiated products is:

Question

Quizplus · Accepted Answer

A market with few entry barriers and with many firms that sell differentiated products is referred to as monopolistic competition. In this market structure, firms have some control over the price of their products due to product differentiation, but there are still many other competitors in the market. This results in prices being higher than in a purely competitive market, but lower than in a monopoly.

A Market with Few Entry Barriers and with Many Firms