4886448
Description
Mind Map by Ashley Hay, updated more than 1 year ago
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Created by Ashley Hay
over 8 years ago
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Monopolistic Competition
- advertising to influence info
- product differentiation
- some influence over price
- "price searchers"
- "price searchers"
- many buyers and sellers
- easy entry and exit (no barriers)
- ex: most retail (clothes, restaurants, etc)
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