In monopolistically competitive industries, firms find it easy to enter and exit the market in the long run.

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Monopolistically competitive industries have low barriers to entry and exit, making it relatively easy for firms to enter or leave the market in the long run. This characteristic of monopolistic competition helps to maintain some degree of competitiveness in the market, as new firms can enter and compete with existing firms, and poorly performing firms can leave the market.

In Monopolistically Competitive Industries, Firms Find It Easy to Enter