Question
What are the keys elements to differentiate monopolistic competition and oligopoly? As products of firms in coffee shop industry are slightly different from each other,
What are the keys elements to differentiate monopolistic competition and oligopoly? As products of firms in coffee shop industry are slightly different from each other, plus its freedom of entry, can its market structure is monopolistic competition?
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
