Multiple Choice
In a monopolistically competitive market,
A) entry by new firms is impeded by barriers to entry; thus, the number of firms in the market is never ideal.
B) entry by new firms is impeded by barriers to entry, but the number of firms in the market is nevertheless always ideal.
C) free entry ensures that the number of firms in the market is ideal.
D) there may be too few or too many firms in the market, despite free entry.
Correct Answer:

Verified
Correct Answer:
Verified
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