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  3. compare and contrast perfectly competitive markets

Compare and contrast perfectly competitive markets with monopolistically competitive markets. Which is more realistic and why?

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Economics

Compare and contrastperfectly competitive markets with monopolistically competitivemarkets. Which is more realistic and why?

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Perfectcompetition is market type in which There are large number of buyers and sellers in the market Price is decided only by the market forces that is demand and supply There are no barriers to entry and exit in the market    See Answer
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