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K Monopolistic competition is similar to perfect competition because OA. in both industry structures, the firm's demand curve is horizontal. B. both industry structures
K Monopolistic competition is similar to perfect competition because OA. in both industry structures, the firm's demand curve is horizontal. B. both industry structures have a single seller. OC. in both industry structures, long-run profits are likely to be positive. OD. in both industry structures, there are no barriers to entry.
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