In a Monopolistically Competitive Market

question 455

Multiple Choice

In a monopolistically competitive market,

• A)entry by new firms is impeded by barriers to entry; thus, the number of firms in the market is never ideal.
• B)entry by new firms is impeded by barriers to entry, but the number of firms in the market is nevertheless always ideal.
• C)free entry ensures that the number of firms in the market is ideal.
• D)there may be too few or too many firms in the market, despite free entry.

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Definitions:

Ideal Pesticide

A hypothetical pesticide that effectively targets and eliminates pests without causing harm to humans, non-target species, or the environment.

Genetic Resistance

The ability of an organism to naturally withstand environmental pressures, diseases, or pests through inherited characteristics.

Synthetic Pesticides

Man-made chemicals used to kill or control pests that affect plants, animals, and humans.

Genetic Resistance

The ability of an organism to naturally resist diseases, pests, or harsh environmental conditions due to its genetic makeup.