Answered

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Which of the following would apply to monopolistic competition?

A. Some barriers to entering the market
B. Impossible to enter the market
C. No barriers to entering the market
D. High barriers to entering the market

Sagot :

GinnyAnswer

Final answer:

Monopolistic competition involves some barriers to entering the market that differentiate it from perfect competition.


Explanation:

Monopolistic competition typically involves some barriers to entering the market, such as product differentiation and advertising costs, which differentiate it from perfect competition where there are no barriers to entry. These barriers can include factors like brand loyalty, unique product features, and access to distribution channels, making it challenging for new firms to enter the market.


Learn more about Monopolistic competition here:

https://brainly.com/question/33654925


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