In 2020SP ECO 251 970IN: x 3 Activity 46-1.pdf Activity 43-2 (2).pdf X S Shared video - Monopc X 5 Activity 44 _ Monopolis X * Course Hero X + X C @ File | C:/Users/Caroline/Downloads/Activity%2044%20_%20Monopolistic%20Competition%20Graph.pdf Activity 44 _ Monopolistic Competition Graph.pdf 273 From Otis Gilley, Student Leasing Guide Is Accompany Miter, Femmenikes Diem York: Copyright @ HarperCotans Publishers, 155 Inc. 19651 pp. 185-159. Excitlie developed by John Mortun Unit 3 ACTIVITY 44 continued 3. What are the characteristics of a monopolistically competitive market? In what sense is there competition, and in what sense is there monopoly in this type of market structure? 4. Is monopolistic competition closer to monopoly or to perfect competition? 5. What are three examples of monopolistically competitive markets? S. True, false, or uncertain, and why? "Monopolistic competition is just another form of pure monopoly." 7. True, false, or uncertain, and why? "Monopolistic competition is even better than perfect competition." 8. True, false, or uncertain, and why? "In the long run, monopolistic competitors pro- duce at their most efficient point."