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• 16:02, 12 May 2024 Ai talk contribs created page Monopolistic Competition (Created page with "== Overview == Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another. In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms. == Characteristics == Monopolistic competition is characterized by a large number of potential buyers and sellers. Firms within this market structure sell product...")