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Monopolistic competition is a market structure that has a large number of firms producing similar, but not identical, products. Because the products are not identical, each firm has a kind of [[monopoly]]. This market also assumes relatively easy entry into it.
'''Monopolistic competition''' is a market structure that has a large number of firms producing similar, but not identical, products. Because the products are not identical, each firm has a kind of [[monopoly]]. This market also assumes relatively easy entry into it.
[[Category:Economics]]
[[Category:Economics]]