There are a smaller number of firms that operate in both monopolistic competition and perfect competition.

Name: There are a smaller number of firms that operate in both monopolistic competition and perfect competition.
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Question

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In monopolistic competition, there are many firms that compete with differentiated products, while in perfect competition, there are also many firms but they sell identical products. Neither market structure is characterized by a small number of firms.

There Are a Smaller Number of Firms That Operate in Both