Find three examples of monopolistic competition (four firm concentration ratios of 20 to 40 percent) athttps://data.census.gov/cedsci/

Which characteristic of monopolistic competition described in the text are true for each example?

2. "In the long-run, there is no difference between monopolistic competition and perfect competition." Discuss this statement with respect to the following:

a) The price charged to consumers;

b) The average total cost of production;

c) The typical firm's profit in the long run.