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Monopolistic Competition
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Concept Version 5
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Defining Monopolistic Competition

Clothing

Clothing

The clothing industry is monopolistically competitive because firms have differentiated products and market power.

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    http://upload.wikimedia.org/wikipedia/commons/a/a7/2008_Taipei_In_Style_Outdoor_Fashion_Show_Clothes_Racks.jpg CC BY.

Related Terms

  • monopoly
  • Monopolistic competition
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