Which of the following is inconsistent with the model of perfect competition?
A) ease of entry into an industry
B) ease of exit from an industry
C) many buyers and sellers in the industry
D) advertising of product differences in the industry
E) a horizontal demand curve facing each firm in the industry
Correct Answer:
Verified
Q84: If the demand curve facing the Acme
Q85: Exhibit 10-12 Q86: In the long run in monopolistic competition, Q87: Fixed costs in the video rental industry Q88: The historical trend in the video rental Q90: Suppose that firms in a monopolistically competitive Q91: Which of the following characteristics does perfect Q92: In the long run, a monopolistically competitive Q93: As new monopolistically competitive firms enter the Q94: Exhibit 10-12 
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