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Monopolistic competition means that Multiple Choice OB no new firms can afford to enter the...

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Accounting

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Monopolistic competition means that Multiple Choice OB no new firms can afford to enter the industry so the single firm in the market avoids competition a single firm controls prices in a market and discourages other firms from entering the market. there are a large number of firms competing vigorously with each other and selling variations of a basic product prices for the products are uniform throughout the world because there are no discernible differences in the products

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