In a market for milk, it is easy for new businesses to enter the market since there are no barriers to entry. Prices are also determined by supply and demand, so the businesses are not able to set their own price. What type of market structure does the given situation represent?(1 point) Responses an oligopoly an oligopoly monopolistically competitive market monopolistically competitive market a monopoly a monopoly perfectly competitive market perfectly competitive market
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monopolistically competitive market
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