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5 November, 20:16

In monopolistic competition firms gain some degree of market power

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  1. 5 November, 21:12
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    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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