What terms are included in the monopolistic competition, Game Theory

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What terms are included in the monopolistic competition?

Product Differentiation:

1. The meaning of monopolistic competition and product differentiation

2. Why monopolistically and oligopolists competitive firms distinguish their products

3. How prices and profits are founded in monopolistic competition into the short run and the long run

4. Why monopolistic competition causes a trade-off in between lower prices and greater product diversity

5. The economic importance of advertising and brand names.


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