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Product differentiation is important for firms and consumers in monopolistic competitive markets because ... (select all correct answers) A. it promotes the entry of new

Product differentiation is important for firms and consumers in monopolistic competitive markets because ... (select all correct answers) A. it promotes the entry of new firms in the market B. It increases choice and alternatives for buyers C. It reduces the price elasticity of the seller's demand curve D. it promotes economic profit in the long run

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