Among which of the following is most likely produced in a monopolistically competitive market?
Which of the following characteristics does perfect competition have in common with monopolistic competition? Many firms and some barriers to entry a large number of firms and no barriers to entry a single firm and no barriers to entry a single firm and significant barriers to entry Interdependent decision making on price, quality, or advertising is characteristic of perfect competition Monopolies Oligopolies monopolistic competition both oligopolies and monopolistic competition Which of the following could not bar entry into an industry? Economies of scale diseconomies of scale patents licenses one firm"s control of essential resources One purpose of government antitrust laws is to ensure that oligopolies maximize profit encourage collusion among firms prevent collusion among firms regulate natural monopolies correct the outcomes of positive and negative externalities in private markets