________ is a market structure in which many rival firms produce differentiated products.

Name: ________ is a market structure in which many rival firms produce differentiated products.
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Question

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Monopolistic competition is the market structure in which many rival firms produce differentiated products. This means that each firm has some degree of market power and can set prices to a certain extent. However, there are still many competitors in the market, which keeps prices from rising too high.

________ Is a Market Structure in Which Many Rival Firms