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Author Question: What does monopolistic competition have in common with perfect competition? (Read 85 times)

Engineer

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What does monopolistic competition have in common with perfect competition?
◦ a large number of firms and freedom of entry and exit
◦ a standardized product
◦ product differentiation
◦ the ability to make an economic profit in the long run
◦ barriers to exit but no barriers to entry


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Marked as best answer by Engineer on May 24, 2019

bigcheese9

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Engineer

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bigcheese9

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