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Question: Monopolistic competition is defined as a type of market structure in which  A. firms produce a ho...

Show transcribed image text Monopolistic competition is defined as a type of market structure in which A. firms produce a homogeneous good. B. firms can easily enter the market but cannot easily exit from it. C. firms can make an economic profit in the long run. D. there are barriers to entry. E. many firms produce the good

Monopolistic competition is defined as a type of market structure in which A. firms produce a homogeneous good. B. firms can easily enter the market but cannot easily exit from it. C. firms can make an economic profit in the long run. D. there are barriers to entry. E. many firms produce the good