Question

As the name monopolistic competition implies, a firm’s decisions in this setting will in certain ways resemble ______________ and in other ways resemble________________ .

Answer 1

The answer to this first unknown in the problem is "MONOPOLY" while in the second unknown in the problem is "PERFECT COMPETITION". Hence, we could say that as the name monopolistic competition implies, a specific firm's decision of judgments in the setting will in certain ways resemble a MONOPOLY and in other ways, it also resembles PERFECT COMPETITION between companies and businesses.