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9 February, 22:55

One difference between monopolistic competition and pure competition is that:

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  1. 9 February, 23:14
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    One difference between monopolistic competition and pure competition is that: There is some control over price in monopolistic competition

    In monopolistic competition, a specific resource is fully owned by a single entity without any competitors.

    Since there is no other entity that could offer the product to the customer, the company could put a really high price and the customers that need the products have no choice but to follow
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