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\"Compare and contrast the output and pricing decisions of monopolistically competitive firms with those of perfectly competitive...

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Economics

\"Compare and contrast the output and pricing decisionsof monopolistically competitive firms with those of perfectlycompetitive firms.\"

Your response should be no less than one page long, size 12font, and double spaced.

Answer & Explanation Solved by verified expert
3.6 Ratings (650 Votes)
There are many buyers and sellers in both types of market structures There is free entry and exit in both market structures but under the monopolistically competitive market firms produce differentiated    See Answer
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