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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Is there a photo that goes along?
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the government is the man and the main society ths=at overpowers the people but is smaller than the president and its importnat because thre the ones that counts the taxes and counts the money.
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B) Integration should take place immediately
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