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What Is the Purpose of a Pretrial Hearing

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What is the purpose of a pretrial hearing?

Differentiate between monopolistic competition, perfect competition, monopoly, and oligopoly based on features such as influence on price, product differentiation, and barriers to entry.
Identify real-world examples of monopolistically competitive markets.
Recognize the role of product differentiation in enabling firms in monopolistically competitive markets to have some control over pricing.
Understand the implications of easy entry and exit in monopolistically competitive markets for firms’ competitive strategies and market power.

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