Monopolistic competition is characterized by a large number of firms and low entry barriers.
<h3>What is monopolistic competition?</h3>
Monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.
The characteristics of the monopolistically competitive market includes:
1. Presence of many sellers in the market
2. Easy entrance and exit of consumers in the market
3. Differentiated products in the market.
Hence, monopolistic competition is characterized by a large number of firms and low entry barriers.
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The Whigs were the relatively "liberal" part of their day, with their opponents being the Democrats. The Whigs stood for industrialization, modernization, and education. They later merged into the Republican Party.
Kansas, Oklahoma and Colorado
Sup federalist believed that we needed a strong government or else the nation would destroy it self.While anti federalist believed that states should retain most of there power
