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QUESTION SIX(20 Marks) State ANY SIX (6) features of a monopolistic competitive market.(6 marks) With the aid of fully labelled diagrams, explain the difference between

QUESTION SIX(20 Marks)

State ANY SIX (6) features of a monopolistic competitive market.(6 marks)

With the aid of fully labelled diagrams, explain the difference between the long-run profits of a perfectly competitive firm and a monopolistic firm.(14 marks)

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