In a monopolistic competition market structure, individual firms have almost no pricing power.

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In a monopolistic competition market structure, firms have some pricing power because they have differentiated products or services that may have a unique appeal to a specific set of consumers. Therefore, they can charge a higher price compared to their competitors while still retaining some market share. However, their pricing power is limited by the availability of substitutes and the competition from other firms in the market.

In a Monopolistic Competition Market Structure, Individual Firms Have Almost