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What are the characteristics of a monopoly? Do monopolistically competitive firms have high barrier to entry? Why does this matter? How are monopolistically competitive and
- What are the characteristics of a monopoly?
- Do monopolistically competitive firms have high barrier to entry? Why does this matter?
- How are monopolistically competitive and oligopolistic competitive markets different? Why does this matter?
- Which type of markets would spend the most on marketing/advertising and why?
- Give me 3 examples of markets that are monopolies.
- Give me 3 examples of firms competing in monopolistic competitive markets.
- Give me 3 examples of firms competing in oligopolistic competitive markets.
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