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G In Chapter 10 we learned about Monopolistic Competition, which, by name alone, sounds a little like monopoly and a

g In Chapter 10 we learned about Monopolistic Competition, which, by name alone, sounds a little like monopoly and a little like perfect competition. What are the major differences between the model of monopolistic competition and the models of monopoly and perfect competition. Explain the differences in the long run outcomes in the three markets.

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