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Monopolistic competition and oligopoly

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Reference no: EM131709397

"Monopolistic Competition and Oligopoly"

Please respond to the following:

  • Discuss the single biggest competitive advantage a firm in such a market could have. Explain your rationale.
  • Discuss the likely economic outcome if all markets were oligopolistic. Provide specific examples to support your response.

(at least one paragraph on each please) also reference.

Reference no: EM131709397

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