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Homework answers / question archive / Monopolistic competition is similar to a monopoly since both market structures have: a

Monopolistic competition is similar to a monopoly since both market structures have: a

Marketing

Monopolistic competition is similar to a monopoly since both market structures have:

a. a small number of firms.

b. downward-sloping demands for the firms.

c. economic profit in long-run equilibrium.

d. easy entry and exit.

e. all of the above

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