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Author Question: Monopolistically competitive markets are different from perfectly competitive markets because in ... (Read 143 times)

jc611

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on: Jul 20, 2019
Monopolistically competitive markets are different from perfectly competitive markets because in monopolistically competitive markets firms:
◦ sell a standardized product, while in perfectly competitive markets firms sell a differentiated product.
◦ have some control over price, while in perfectly competitive markets firms have no control over price.
◦ have no control over price, while in perfectly competitive markets firms have some control over price.
◦ face substantial barriers to entry, while in perfectly competitive markets firms face no significant barriers to entry.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by jc611 on Jul 20, 2019

Athena23

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Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jc611

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Reply #2 on: Jul 20, 2019
Thank you!


Athena23

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Reply #3 on: Jul 20, 2019
Always glad to help...


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