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Barriers to enter the market in : 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter15: Economic Regulation And Antitrust Policy

Section: Chapter Questions

Problem 5QFR

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Question

Barriers to enter the market in :

1- competitive market:

2-monopoly :

3-monopolistic competition :

4-oligopoly:

Definition Definition Form of market structure in which there are a large number of sellers of a particular product, with each seller selling somewhat differentiated but close substitutes to the product sold by other sellers. Features of monopolistic competition include: Large number of buyers and sellers Differentiated products Free entry and exit of the firms in the market

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