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Created page with 'IsaacZ 1. 2. Free trade. 3. To prevent the banking system to collapse. 4. Inelastic 5.P>MC, in a perfectly competitive market P=MC. 6. 7. There are many competitors in mon...'
IsaacZ

1.

2. Free trade.

3. To prevent the banking system to collapse.

4. Inelastic

5.P>MC, in a perfectly competitive market P=MC.

6.

7. There are many competitors in monopolistic competition because of "product differentiation" this allows firms to sell almost the same good as the competitor but under their brand name.
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