A market with few entry barriers and with many firms that sell differentiated products is:

A) purely competitive.
B) a monopoly.
C) monopolistically competitive.
D) oligopolistic.

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, features, or brand identity, leading to non-price competition.

Monopolistically Competitive

A market structure in which many firms sell products or services that are similar but not identical, allowing for competition on factors other than price.

Entry Barriers

Refers to obstacles that prevent or hinder new competitors from easily entering an industry or area of business.