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Major features of monopolistic competition

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Reference no: EM131588913

1. Describe the major features of monopolistic competition compared to pure competition and pure monopoly.

2. Describe the basic characteristics of oligopoly. How does oligopoly compare with the other market structures?

3. Explain invention with suitable example.

4. Why is the demand for resources called a "derived" demand?

Reference no: EM131588913

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