Answer to Question #59269 in Other Economics for Haydee Mena

Question #59269
Compare industries under monopolistic competition with those in pure competition
1
Expert's answer
2016-04-18T09:00:48-0400
Industries under monopolistic competition can set prices, for which they maximize profits, the have fewer competitors, their goods are differentiated. In pure competition firms are price-takers, the goods are homogeneous, there is a lot of competitors.

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