Solved: Explain the major features of monopolistic competition, Business Management

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Explain the major features of monopolistic competition

Assignment:

1. Given that you are a vice-president of a corporation and you will need to explain to your board, when asked, how would you explain the major features of monopolistic competition compared to pure competition and pure monopoly?

2. How does monopolistic competition within a firm reflect the circular flow?

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Business Management: Explain the major features of monopolistic competition

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