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There are significant barriers to entry and exit to the market. Firms have significant price control. Firms produce differentiated products. Firms are very small relative

There are significant barriers to entry and exit to the market.

Firms have significant price control.

Firms produce differentiated products.

Firms are very small relative to the market.

Firms produce very similar products. perfect competition

q,

q,

not perfect competition

There is a large number of firms.

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