What differences and similarities exist between monopolistic competitive firms and perfect competitive firms?

Words: 115
Pages: 1
Subject: Uncategorized

1. What differences and similarities exist between monopolistic competitive firms and perfect competitive firms?
2. What is excess capacity?
3. Drawing some examples, why do monopolistic firms exhibit excess capacity?
4. What makes monopolistic firms stay in production against competition?
Respond to two other students’ posts

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