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Author Question: In monopolistic competition, a firm can set the price for its product because of (Read 150 times)

crazycityslicker

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In monopolistic competition, a firm can set the price for its product because of
◦ easy entry and exit.
◦ economic profits.
◦ product differentiation.
◦ many competitors.
◦ the firm's upward sloping demand curve.


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Marked as best answer by crazycityslicker on May 24, 2019

covalentbond

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covalentbond

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