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(Characteristics of Monopolistic Competition) Why is a firm in monopolistic competition said to be competitive? In what sense is that firm monopolistic? (Price Leadership) Why

(Characteristics of Monopolistic Competition) Why is a firm in monopolistic competition said to be competitive? In what sense is that firm monopolistic?

(Price Leadership) Why might a price-leadership model of oligopoly not be an effective means of collusion in an oligopoly?

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