Barriers to entry are
A) not too difficult to overcome in a monopoly market structure
B) very high in a perfectly competitive market structure
C) nonexistent in an oligopoly market structure
D) not too difficult to overcome in a monopolistically competitive industry structure
E) nonexistent in a monopoly market structure

Question

Quizplus · Accepted Answer

Barriers to entry are typically lower in a monopolistically competitive industry structure, allowing new firms to enter the market more easily compared to markets with higher barriers such as monopolies or oligopolies. This is because monopolistically competitive markets consist of many firms offering differentiated products, which makes it easier for new entrants to find a niche.

Barriers to Entry Are