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A paragraph on how monopolistic competition uses elements of both perfect competition and monopoly. What is the goal of the monopolistically competitive firm (aside from
A paragraph on how monopolistic competition uses elements of both perfect competition and monopoly. What is the goal of the monopolistically competitive firm (aside from making money)? How might fast food fit with this industry structure and in what ways does it not fit this structure?
Link - https://www.youtube.com/watch?v=T3F1Vt3IyNc
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