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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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