Explain the benefits or detractions of type of competition

Reference no: EM133596683

Problem: Give an example of an industry with monopolistic competition. (Remember that this is an industry structure, and not a specific business within that industry.) Use the conditions, the defining traits of a monopolistically competitive industry to show that the one you picked is a good example. Explain the benefits or detractions of this type of competition.

Reference no: EM133596683

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