(a) What are the characteristics of markets which are Monopolistic Competition? (b) How do firms determine...

(a) What are the characteristics of markets which are Monopolistic Competition? (b) How do firms determine their output and price in the short-run and long-run under Monopolistic Competition? (c) What is the role of product differentiation in Monopolistic Competition? Show graphically and explain.

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Rahul Sunny answered 5 months ago

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