Perfection competition and monopolistic competition

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Reference no: EM131091226

1. How is perfect competition similar and different from monopolistic competition?

2. What is the primary difference between perfection competition and monopolistic competition? By this I mean the difference that causes the rest of the differences?

3. How are monopolistic competition and monopolies similar and how are they different?

4. What makes oligopolies so different from the other market structures? (Once again I am looking for the primary difference that all other differences stem.)

Reference no: EM131091226

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