In a monopolistically competitive market, which of the following hold true?
A. firms are small relative to the total market
B. no firm has any market power
C. there is easy entry and exit in the market
D. few firms have market power
E. there is no easy entry and exit in the market
1
A, C and E only
2
B and C only
3
A and B only
4
A and C only
5
None of the above/More than one of the above.