Entry into a monopolistically competitive industry is
A) easy, but exiting is difficult
B) difficult, but exiting is easy
C) difficult, but not impossible
D) impossible
E) easier than entry into oligopoly

Question

Quizplus · Accepted Answer

In a monopolistically competitive industry, there are few barriers to entry, making it easier for firms to enter compared to an oligopoly, where barriers are higher.

Entry into a Monopolistically Competitive Industry Is