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Alborosie
2 years ago
15

What is the distinguishing feature of a market structure with monopolistic competition?

Business
1 answer:
Elza [17]2 years ago
7 0

Answer:

look below

Explanation:

Monopolistic competition is a market structure defined by four main characteristics: large numbers of buyers and sellers; perfect information; low entry and exit barriers; similar but differentiated goods.

Would be much appreictaed if you could lookat my recent question posted and see if you could be of any help:)

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Price is a measure of how much one good can be exchanged for other things. Production incurred cost (tend to rise as more resources become harder to obtain) so to supply more suppliers will demand higher price. Purchasing higher price good means consumers have less money (less of other goods can be bought) consumer will buy less good at higher price.

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