- Under this type of market structure, can firms enter or leave the industry? Provide the discussions based on the explanation of video. Answer this using at least 100 words.
- After you watch video, explain how a monopolistically competitive firm would choose the profit-maximizing price and quantity using at least 100 words.
- What does this video tell about the difference between perfect competition and monopolistically competitive market? Answer this using at least 150 words.
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