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The Cold War began after World War Two. ... The Cold War got its name because both sides were afraid of fighting each other directly. In a "hot war," nuclear weapons might destroy everything. So, instead, both sides fought each other indirectly.
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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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