How does monopolistic competition differ from pure competition in its basic characteristics? From pure monopoly? Explain

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How does monopolistic competition differ from pure competition in its basic characteristics? From pure monopoly? Explain

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How does monopolistic competition differ from pure competitionin its basic characteristics? From pure monopoly? Explain fullywhat product differentiation may involve. Explain how the entry offirms into its industry affects the demand curve facing amonopolistic competitor and how that, in turn, affects its economicprofit
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