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What are the characteristics of monopolistic competition

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Question: 1. What are the characteristics of monopolistic competition?

2. How does product differentiation occur in similar products?

3. What are the characteristics of an oligopolistic industry?

4. What are the Differences between homogeneous and differentiated oligopolies?

5. What are the obstacles to collusive behavior?

6. What are the positive and negative effects of advertising?

Reference no: EM132764719

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