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MATCHING -Making a Mistake on Who the Defendant Intended to Confine

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MATCHING
-making a mistake on who the defendant intended to confine

Understand the characteristics of monopolistically competitive markets, including many buyers and sellers, product differentiation, and free entry.
Differentiate between monopolistic competition, oligopoly, and perfect competition based on the number of sellers and the nature of products.
Explain the pricing strategies and profit maximization behavior in monopolistically competitive markets.
Describe the concept of excess capacity and its implications for firms in monopolistically competitive markets.

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