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Compare the market structure of Monopolistic Competition to both Perfect Competition and Monopoly. What does it have in common with each? How is it different

Compare the market structure of Monopolistic Competition to both Perfect Competition and Monopoly. What does it have in common with each? How is it different from each? Be sure to address both the short and long run.

Next, briefly research an industry that you think has the market structure of Monopolistic Competition. What are some of the firms in this industry? Use your research to explain why you think this industry has the structure of Monopolistic Competition.

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