Firms can freely enter a market
A) only when the market is a monopoly.
B) only when the market is a monopoly or monopolistically competitive.
C) only when the market is monopolistically competitive or perfectly competitive.
D) when the market is perfectly competitive, monopolistically competitive, or monopolistid.
Correct Answer:
Verified
Q4: There are four basic types of market
Q6: Oligopoly is characterized by a few sellers
Q8: Monopolistic competition is characterized by many buyers
Q9: A monopolistically competitive market is characterized by
Q12: Monopolistic competition is characterized by a few
Q16: The "monopoly" in monopolistically competitive markets is
Q18: Product differentiation always leads to some measure
Q456: A monopolistically competitive market is like both
Q457: Which of the following is a feature
Q458: A monopolistically competitive market is like both
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