In Monopolistic Competition, Ease of Entry and Exit Means

question 83

Multiple Choice

In monopolistic competition, ease of entry and exit means:

• A) it is easy to make a profit.
• B) it is free.
• C) eventually the industry resembles a perfectly competitive market.
• D) there are no extraordinary barriers to entry as there are in monopoly.

---

Definitions:

Self-image

The idea, conception, or mental image one has of oneself.

Ideal Self

A person's conception of how they would like to be, encompassing their goals, aspirations, and values.

Conditional Positive Regard

A concept in psychology where acceptance and love from others are contingent upon one's behavior meeting certain conditions or standards.

Healthy Self-esteem

A positive view of oneself that is both resilient and realistic, contributing to an individual's mental well-being and confidence.