In monopolistic competition,a firm

Name: In monopolistic competition,a firm
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In monopolistic competition, firms use nonprice competition to differentiate their products and attract customers. This includes things like advertising, branding, and product differentiation. They do not use marginal cost pricing (which would be characteristic of perfect competition) and they do not face a horizontal demand curve (which would be characteristic of a monopoly).

In Monopolistic Competition,a Firm