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15 January, 03:22

Which assumption is part of the model of monopolistic competition?

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  1. 15 January, 03:47
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    The answer to this question is There is no collusion mutual interdependence among firms.

    Under the model of monopolistic competition, there is only a single entity that control the market of a certain product. Which means, that single entity could basically make any policy without needing to consider the possible reactions of its rival (no collusion mutual interdependence)
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