I believe the answer would be #2; it became more realistic:)
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.
Learn more about monopolistic competition here: brainly.com/question/3520816
C many indusries could not keep up with the demand for their products
<span>Kindness and equality is expected on the Hajj.
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