Monopolistic Competition 0.0 / 5 ? EconomicsMonopolyA2/A-levelEdexcel Created by: lysette-ashmoreCreated on: 14-11-17 12:26 Monopolistic competition def Where a large number of small firms produce non homogeneous goods where there are no barriers to entry and exit 1 of 5 Number of firms Many 2 of 5 Type of product Differentiated 3 of 5 Pricing power Some 4 of 5 Efficiency No (P>MC) 5 of 5
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