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What triggers entry in a competitive market

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Reference no: EM133440657

Assignment:

Provide a concise answer for the following questions.

a. What triggers entry in a competitive market? Describe the process that ends further entry.

b. How do firms in monopolistic competition compete?

c. How does advertising influence demand facing a monopolisticaly competitive firm?

d. What are the two distinguishing characteristics of oligopoly?

e. Why are fims in oligopoly interdependent?

Reference no: EM133440657

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