What's More Directions: Read each question carefully. Fill in the blanks and choose the correct answer from the box. similar/ same difference price prefer / choose entry/ entrance monopolistic competition basis profit slightly different exit (1) A is a type of market structure wherein there is a numerous quantity of small firms competing against each other. In this market structure, several companies can sell (2) yet (3) products. Moreover, any firm can set the (4) but only with a certain range. They can also maximize their own (5) The (6) in their products can be in style, brand name, location, packaging, advertisement, and pricing strategies, which became every firm's (7) in marketing. There is also an easy (8) and (9) in this market. On the other hand, the consumers can (10) a certain product over the other one. What I Have Learned Directions: Complete the statement by writing what you have learned in this lesson. Cite also at least 3 to 5 concepts you have learned. In this lesson, I have learned that monopolistic competition is