题目
题目

ECON 203-0001 Chapter 10

单项选择题

As the name monopolistic competition implies, a firm’s decisions in this setting will in certain ways resemble ______________ and in other ways resemble ________________.

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思路分析
The question presents a juxtaposition: in monopolistic competition, a firm’s decisions resemble certain features of monopoly and other features of perfect competition. Since there are no answer options provided in the prompt, I will focus on explaining the reasoning behind the suggested pairing and what each half of the blank implies. Why it resembles monopoly: In monopo......Login to view full explanation

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