Monopolistic and perfect competition market model

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Discuss the difference between monopolistic competition, and perfect competition market models and also provide examples from the real life.

Determine the pricing and non pricing strategies that firms rely on to compete in monopolistic competition and oligopoly market models.

What are the strategies that firms rely on in monopoly and oligopoly to sustain their economic profits overtime? Please use examples from your work or real life.

Reference no: EM1374387

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