Prices are lowest and quantity is highest in a _____ industry.

Name: Prices are lowest and quantity is highest in a _____ industry.
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Question

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In a monopolistic competition industry, there are many competitors, each offering slightly differentiated products. This competition drives prices down and increases the quantity of goods available to consumers, compared to markets with fewer competitors like cartels, monopolies, or duopolies.

Prices Are Lowest and Quantity Is Highest in a _____