Which statement best explains the characteristics of a monopolistically compecitive market?

Each firm takes the price ofts product as siven.

Firms can enter or exit the market without restriction

Each firm produces a product that is essentially identical to the prodlucts of othoy firms in the market.

There are only a few sellers.

Page $19$ of $21$

$19$ of $21$ questions saved

a

F$2$

$($a$)$

F$3$

$I$

R$4.$

#

$

$2$

$3$

$4$

$6$

intit

in

B$)$

Fs

Fo

$\{$

$A$

$5$

a

$7$

$8$

P$8$

$$I $$

DrIs

home

m

ond

HD

$1$

$1$

$9$

$0$

W

R

T

$Y$

U

S

D

F

G

H

K

$L$

Z

$x$

C

V

B

N

M