Monopolistic competition is a common form of market structure in the United States.

Name: Monopolistic competition is a common form of market structure in the United States.
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Monopolistic competition is a common market structure characterized by many firms selling similar but not identical products, allowing for product differentiation and some degree of market power for individual firms. This structure is prevalent in many sectors of the U.S. economy, such as retail, restaurants, and apparel.

Monopolistic Competition Is a Common Form of Market Structure in the United