Protected from entry and exit by laws and regulations

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During the summer, there are several hot dog stands spread around downtown Boston. They sell very similar products, have little leverage over their market's price, earn little long-run profit, and are not protected from entry and exit by laws and regulations. They most closely resemble:

A, Perfectly competitive firms B, Monopolistically competitive firms C, An oligopoly D, Monopolies

Reference no: EM13986976

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