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Answer the following questions about monopolistic competition:
1) State a product that you have seen an advertisement for recently.
a) How was the advertisement presented? (Ex: billboard, TV commercial, radio commercial, popup ad, print ad, and etc.)
b) Assuming this is a monopolistically competitive firm, state 2 characteristics about this product's firm, that would support this assumption.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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