Topic:

Monopolistic Competition is a very common market structure, more so than perfect competition.

1. Why do you think we see this more than perfect competition?Think about where monopolistic competition differs from perfect competition regarding the characteristics of a firm (number of sellers, type of product, and barriers or ease of entry).
2. Think about products you use every day and how you might originally have thought they were perfect competition, but now know they are more likely monopolistic competition.