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Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monopoly. Complete the following table by

Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monopoly.

Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply.

Attributes Competitive Market Monopolistically Competitive Market
Zero profit in the long run
Identical products
Price is equal to marginal revenue
Few sellers

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