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Monopolistic Competition
A market structure in which many firms sell products that are similar but not identical.
Market Structure
The organizational characteristics of a market, influencing competition and pricing, including perfect competition, monopolistic competition, oligopoly, and monopoly.
Oligopoly
A market structure characterized by a small number of firms dominating the market, often leading to limited competition.
Monopolistic Competition
A market structure characterized by many firms offering products or services that are similar but not perfect substitutes, leading to each firm having some market power.
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