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True or false: a monopolistic competition firm is like an oligopolistic firm in that they both face residual demand curves? True or false: products in

True or false: a monopolistic competition firm is like an oligopolistic firm in that they both face residual demand curves?

True or false: products in monopolistic competition is a perfect substitute?

True or false: Monopolistic competition firms tend to produce too many units, resulting in too few product choices (i.e. insufficient product differentiation)?

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