Another form of imperfect competition is monopolistic, Ask an Expert

Economics

Another form of imperfect competition is monopolistic competition.

1. List three examples of real firms that operate in monopolistically competitive markets?

2. Compare and contrast a monopolistically competitive firm and a perfectly competitive firm. Hint: you should mentioned long-term economic profit, product differentiation, and barriers to entry.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867955

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