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Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition. the most common reason for this is
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Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition. the most common reason for this is

User Rocketq
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these firms do not have perfect market information to know all the price charges by different sellers,the quality the market demand and supply is etc.
User Nicol Bolas
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