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Because each firm in monopolistic competition produces a unique product, A. each has an ironclad monopoly over its product B. it can completely lock out

Because each firm in monopolistic competition produces a unique product,

A. each has an ironclad monopoly over its product

B. it can completely lock out other competitors

C. each has a "mini" monopoly over its product

D. it is never required to compete in price

E. it is not necessary for any of the firms to advertise its product

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