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With a monopolistically competitive product market, which of the following is true about entry into the market? Multiple Choice It is rare because firms have
With a monopolistically competitive product market, which of the following is true about entry into the market?
Multiple Choice
It is rare because firms have market power.
It is frequent because barriers to entry are low.
It occurs when a firm's demand is everywhere below its longrun average cost curve.
It results from economies of scale.
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