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in which of the following industry structures is the entry of new firms the most d? monopoly oligopoly monopolistic competition perfect competition

1 Answer

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Final answer:

In monopolistic competition, the entry of new firms is the most difficult compared to other industry structures.

Step-by-step explanation:

In monopolistic competition, the entry of new firms is the most difficult compared to other industry structures. Monopolistic competition is a market structure in which many firms compete by producing differentiated products that are close substitutes for one another. Since each firm has a unique product and uses product differentiation to attract customers, it creates barriers for new firms trying to enter the market.

User Ganbayar Gansukh
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