Entry into a market characterized by monopolistic competition is generally

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In monopolistic competition, there are few barriers to entry, making it relatively easy to enter the market compared to oligopoly or monopoly where entry is often blocked by high barriers such as government regulations or large capital requirements. However, entering a monopolistic competition market may still require significant investment in marketing and advertising to establish brand recognition and differentiate from existing firms.

Entry into a Market Characterized by Monopolistic Competition Is Generally