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In the context of market structure, the characteristic that best describes a monopolistically competitive market is that: 0 there are few firms in the market.

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In the context of market structure, the characteristic that best describes a monopolistically competitive market is that: 0 there are few firms in the market. 0 firms spend very little on advertising and promotion. 0 firms spend a great deal on advertising and promotion. 0 the products produced cannot be easily differentiated. 0 entry and exit are both difcult

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