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8 February, 19:12

Which of the following industries operates under a market structure of monopolistic competition? clothing industry agricultural industry soft drink industry utility industry

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  1. 8 February, 19:19
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    Edward Chamberlin defined the market structure monopolistic competition, which describes a market with imperfect competition characterzied with many producers who sell products that are differentiated from one another and hence are not perfect substitutes.

    The following industries operates under a market structure of monopolistic competition : clothing industry and soft drink industry.
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