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
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