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Please provide brief answers to the following questions. Think of the different products around you. a. Give an example of a monopolistically competitive industry. b.

Please provide brief answers to the following questions.

Think of the different products around you.

a. Give an example of a monopolistically competitive industry.

b. What are the different varieties of this product available in the market? (Provide at least 2 examples).

c. As a consumer, what do you like about having product variety?

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