(Answered) Question recall the characteristics of a competitive market

Economics

Question: Recall the characteristics of a competitive market environment. now recall the characteristics of a monopolistic competitive market environment.

Using the above and thinking very carefully, discuss the evolution from the competitive to the monopolistic competitive market environment.

Then discuss one specific business that made this transition from a competitive market environment to a monopolistic competitive market environment. make use of all of your opening discussion and dig deeply.

Use at least five sources attach document and your essay discussion cannot extent 250 words.

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