In both monopolistic competition and oligopoly market structures firms may enter and exit the industry easily...

 

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In both monopolistic competition and oligopoly market structures firms may enter and exit the industry easily consumers perceive differences among the products of various competitors economic profits may be earned in the short run and long run O producers collude tacitly In both monopolistic competition and oligopoly market structures firms may enter and exit the industry easily consumers perceive differences among the products of various competitors economic profits may be earned in the short run and long run O producers collude tacitly

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The detailed answer for the above question is provided below Firms may enter and exit the industry easily Monopolistic competition This statement is true for monopolistic competition There are few bar... View the full answer