Answered

At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

The key characteristics of a monopolistically competitive market structure include:

Sagot :

ayokenny2001

Many small (relative to the total market) sellers acting independently.

A monopolistically competitive market is a market structure where there are many producers of similar products but each firm can differentiate their own products.

In a monopolistically competitive market, entry into the markets are low. This means that there are no barriers to entering and exiting the market for sales purposes.

Thus, the monopolistically competitive market is characterized by having many firms, differentiated products and free entry/exit.

learn more at : https://brainly.com/question/25717627

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.