Question: this is a multiple choice question Monopolistic competition refers to a market in which: a) the possibility of entry into the market by competing firms

this is a multiple choice question

Monopolistic competition refers to a market in which: a) the possibility of entry into the market by competing firms deters a monopolist from charging too high of a price; b) there is competition among a small number of firms to become the dominant (or monopolist) firm in the market; c) there are no barriers to entry and the firms sell differentiated products; d) there are several firms that sell a homogeneous product and entry is blocked; e) there are several firms that sell a homogeneous product and entry is free

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