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market for a good or service that exhibits monopolistic competition.

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Question

Describe a market for a good or service that exhibits monopolistic competition. Are firms in a monopolistically competitive market more innovative than a perfectly competitive market or a monopoly?;Describe a market for a good or service that is an oligopoly. How does the structure of this market affect the firms' decision-making?

 

Paper#21571 | Written in 18-Jul-2015

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