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xxTIMURxx [149]
3 years ago
13

What differences and similarities exist between monopolistic competitive firms and perfect competitive firms?

Business
1 answer:
astraxan [27]3 years ago
4 0

Answer:

In perfect competition, the product offered is standardized whereas in monopolistic competition product differentiation is there. In monopolistic competition, every firm offers products at its own price. ... Entry and Exit are comparatively easy in perfect competition than in monopolistic competition.

Explanation:

(hope this helps)

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