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Which description does not correctly characterize monopolistic competition? O Heightened competition will lead to lower prices because products are substitutes for each other and in

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Which description does not correctly characterize monopolistic competition? O Heightened competition will lead to lower prices because products are substitutes for each other and in the struggle to capture sales, downward pressure is placed on prices. O When more firms divide the market, each firm sells fewer units of output on average, and so costs rise. O Internal economies of scale lead to monopolistic competition. O Monopolistic competition is intensified by the practice of product differentiation-each firm produces a slightly different product

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