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1.What is the relationship between product differentiation and monopolistic competition? 2.How is the perceived demand curve for a monopolistically competitive firm different from the perceived

1.What is the relationship between product differentiation and monopolistic competition?

2.How is the perceived demand curve for a monopolistically competitive firm different from the perceived demand curve for a monopoly or a perfectly competitive firm?

3.How does a monopolistic competitor choose its profit-maximizing quantity of output and price?

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