The Freedom of Entry and Exit in Monopolistic Competition Means

question 191

Multiple Choice

The freedom of entry and exit in monopolistic competition means that firms

• A)enter the market when economic losses are being suffered.
• B)exit the market when economic profits are being earned.
• C)enter the market when normal profits are being earned.
• D)can enter a market to compete for economic profits and leave when economic losses are being incurred.
• E)find it easy to permanently earn an economic profit.

---

Definitions:

Exposure and Response Prevention

A cognitive-behavioral therapy technique used primarily for treating obsessive-compulsive disorder (OCD) where the patient is exposed to their fear and taught to refrain from their usual response to reduce anxiety.

Neutralizing

In a psychological context, neutralizing refers to strategies used to counteract or mitigate unwanted thoughts and anxieties.

Social Skills Training

A form of behavioral therapy used to improve interpersonal skills through teaching and practice.

Psychodynamic Theorist

a specialist in a field of psychology that emphasizes systematic study of the psychological forces underlying human behavior, feelings, and emotions and how they might relate to early experience.