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August 23, 2014

Homework Help: economics

Posted by Erick on Thursday, April 8, 2010 at 6:03pm.

How does monopolistic competition differ from pure competition in its basic characteristics? From pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the demand curve facing a monopolistic competitor and how that, in turn, affects its economic profit.

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