Importance of monopolistic competition project conclusion
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Conclusion......
The monopolistic competition market structure is similar to perfect competition in that there are many firms competing, and entry and exit are easy. ... Perfectly competitive firms sell an identical product and therefore compete only on the basis of price.
The monopolistic competition market structure is similar to perfect competition in that there are many firms competing, and entry and exit are easy. ... Perfectly competitive firms sell an identical product and therefore compete only on the basis of price.
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