Difference btw imperfect compition and monopolistic compitition in
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The fundamental distinguishing feature of imperfect competition is that unlike that un-imperfect or pure competition, the demand curve confronting an individual firm under it slopes do ward. As a result, the marginal revenue curve lies below it.
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The fundamental distinguishing feature of imperfect competition is that unlike that imperfect or pure competition, the demand curve confronting an individual firm under it slopes do ward. As a result, the marginal curve lies below it...
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