In a monopolistically competitive market, entry into the industry A. is blocked. B. is difficult due...
In a monopolistically competitive market, entry into the industry
A.
is blocked.
B.
is difficult due to extensive government regulation.
C.
is relatively easy.
D.
is as difficult as entry into a monopoly.
Homework Answers
Answer:- Option (C) " is relatively easy " is the correct answer.
In a monopolistically competitive market, entry into the industry is relatively easy with their own brands and if firm's products become unprofitable leaving the market is also easy.
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In a monopolistically competitive market, entry into the
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