Which Market Structures Definitely Have Barriers to Entry

question 116

Multiple Choice

Which market structures definitely have barriers to entry?

• A) perfect competition and monopolistic competition
• B) monopoly and monopolistic competition
• C) monopoly, oligopoly, and monopolistic competition
• D) oligopoly and monopoly

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Definitions:

Percent Change

A measure that denotes the degree of change over time, calculated by subtracting the original value from the new value, then dividing by the original value and multiplying by 100 to get a percentage.

Percent More

A relative increase from one value to another expressed as a percentage.

Initial Value

The starting value of a financial variable before any changes, such as interest or depreciation, are applied.

Percent Change

The measure of how much a quantity grows or shrinks compared to its previous value, often expressed as a percentage.