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Question 2: In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition, with a large number of sellers,

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Question 2: In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition, with a large number of sellers, it is assumed that there is not this kind of rivalry or interdependence. Why is there probably some rivalry in many monopolistically competitive markets? You also must cover the oligopolistic market. If you do not discuss the oligopolistic market, you only receive 10 points

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