Define the monopolistic competition.
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37
Explanation:
Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.
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1
Answer:
monopolistic
Explanation:
- a monopolistic refers to an number of firms selling closely related.
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