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    Microeconomics Study Set 2
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    Exam 13: Monopolistic Competition: the Competitive Model in a
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    One of the Assumptions of Monopolistic Competition Is That Firms
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One of the Assumptions of Monopolistic Competition Is That Firms

Question 24

Question 24

Essay

One of the assumptions of monopolistic competition is that firms produce differentiated products.What does this assumption imply about the demand curve facing a representative firm?

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Product differentiation is a s...

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