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Dafna11 [192]
3 years ago
7

In monopolistic competition firms gain some degree of market power

Business
1 answer:
saw5 [17]3 years ago
7 0
They gain some degree of power by means of differentiating  their products from those of other firms in the industry. Remember that a monopolistic competition is the one where many firms selling products that are similar but not identical which is very different from oligopoly and the one known as imperfect competition
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Explanation:

given data

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solution

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