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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Monopolistic competition is defined as a type of market structure in which
A) many firms produce the good.
B) firms produce a homogeneous good.
C) there are barriers to entry.
D) firms can make an economic profit in the long run.
E) firms can easily enter the market but cannot easily exit from it.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 203 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
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Posts: 1913
9 years ago
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Loraine Author
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9 years ago
Thank you, thank you, thank you!
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2 hours ago
Just got PERFECT on my quiz
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