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In the introduction the aim of the work is defined and the structure of the paper is described. The body gives the definition of monopolistic competition, studies it

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Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another

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Monopolistic competition is a market structure in which there are many firms sell products that are similar but not identical. For example the market of

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2013-03-13 · Edward Hastings Chamberlin of Harvard University developed a systematic theory of monopolistic competition. Under this market structure, both monopoly and

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