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11. What type of industry is characterized by having many firms, each producing a similar but not identical product, and with no barriers to entry?

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11. What type of industry is characterized by having many firms, each producing a similar but not identical product, and with no barriers to entry? a. Perfect competition. b. Monopoly. C. Monopolistic competition. d. Oligopoly. 12. What type of industry is characterized by having a few mutually interdependent firms? a. Perfect competition. b. Monopoly. C. Monopolistic competition. d. Oligopoly. 13. What type of industry is characterized by having many firms, each producing an identical product, and with no barriers to entry? a. Perfect competition. b. Monopoly. C. Monopolistic competition. d. Oligopoly

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