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EDEXCEL THEME 3 ECONOMICS > CHAPTER 48 MOMOPLOLISTIC COMPETITION > Flashcards

CHAPTER 48 MOMOPLOLISTIC COMPETITION Flashcards

1
Q

Monopolistic competition

A

A market structure where a large number of small firms produces non-homogenous products and where there are no barriers to entry or exit.

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EDEXCEL THEME 3 ECONOMICS (20 decks)

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