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vens ISH Question 7 Which statement is true? Monopolistic competition elasticity of demand is closer to monopoly than to perfect competition Monopolistic competition pricing power

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vens ISH Question 7 Which statement is true? Monopolistic competition elasticity of demand is closer to monopoly than to perfect competition Monopolistic competition pricing power is closer to monopoly than to perfect competition Monopolistic competition usually has economies of scale. Available substitutes in oligopoly are more like perfect competition than for monopoly Oligopoly demand is more inelastic than for monopoly. OOOOO

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