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  • Micro Casestudy

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    sheraz khan
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    Monopolistic competition is a type of imperfect competition where many producers sell products that are differentiated from one another. While the products are similar, they are not exact substitutes for one another. Under monopolistic competition, a firm faces a downward-sloping demand curve for its product and makes economic profits in the short run but normal profits in the long run as potential competitors are attracted to the market.

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    MICRO CASESTUDY

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    Monopolistic competition is a type of imperfect competition where many producers sell products that are differentiated from one another. While the products are similar, they are not exact substitutes for one another. Under monopolistic competition, a firm faces a downward-sloping demand curve for its product and makes economic profits in the short run but normal profits in the long run as potential competitors are attracted to the market.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    8 views4 pages

    Micro Casestudy

    Uploaded by

    sheraz khan
    Monopolistic competition is a type of imperfect competition where many producers sell products that are differentiated from one another. While the products are similar, they are not exact substitutes for one another. Under monopolistic competition, a firm faces a downward-sloping demand curve for its product and makes economic profits in the short run but normal profits in the long run as potential competitors are attracted to the market.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    BY MONOPOLISTIC COMPETITION

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