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Propose a three-step synthetic sequence to accomplish the transformation below.
Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, allowing for competition on factors other than price.
General Snacks
A broad category that includes various snack foods available in the market, without any specific branding implication.
Long-Run Outcome
The eventual results or consequences of economic decisions and market conditions after all adjustments have been made.
Monopolistically Competitive
A market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some control over prices.
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