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Characteristics of Monopolistic Competition

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Commerce / Economics

Monopolistic Competition: Characteristics, Features, Equilibrium Under

Monopolistic competition is a market structure that lies between the extreme cases of competition and monopoly. Competition and monopoly lie at opposite ends of the market spectrum. Perfect competition and monopoly are rarely found in the real world and thus they do not represent the actual market situation.

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19 September 2021
What is Monopolistic Competition
What is Monopolistic Competition?

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