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Define Monopolistic Competition. How price & Output is Determined

 Define monopolistic competition. How price & output is determined under monopolistic competition. Answer: - monopolistic competition: - in 1933, a Harvard university professor, Edward chamberlain”...

Conditions of Monopolistic Competition In Economics

Conditions of Monopolistic Competition In Economics: Following are the important conditions of monopolistic competition.   Sellers & buyers: - there are a large number of buyers...
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