Mike Is About to Start Up a Business in a Monopolistically

question 5

Multiple Choice

Mike is about to start up a business in a monopolistically competitive market. He can expect to find entry into the market to be ____, the number of competitors to be ____, and the product he sells to be ____.

• A) easy; very large; nondifferentiated
• B) difficult; very large; differentiated
• C) easy; relatively few; nondifferentiated
• D) impossible; relatively few; differentiated
• E) easy; large; differentiated

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