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Monopolistic competition
________: a market structure in which many firms sell products that are similar but not identical.
vital information
On the bright side, advertising can provide ________ to customers by conveying the price and all else that the product has to offer.
Profit maximization rules
________ are also used in a monopolistically competitive run.
Oligopoly
________: a market structure in which only a few sellers offer similar or identical products.
Brands
________ can provide consumers with information and /or incentives.
Monopolistic competition
________ is indeed a mix of monopoly and competition.
Note
Flashcard