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Question 42 New firms are able to enter monopolistically competitive markets because there are low barriers...






Question 42 New firms are able to enter monopolistically competitive markets because there are low barriers to entry. True Fa
Question 42 New firms are able to enter monopolistically competitive markets because there are low barriers to entry. True False Question 43 For the monopolistically competitive firm. 5 pts SAMSUNG
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Answer for question 42 - true.

One of the characteristics of monopolistic competitive market is that there are no barriers to entry. So any new firm can enter the monopolistically competitive market.all products are differentiated in this market conditions. Hence the statement is true.

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