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4 marksMarket Structure

CAPE Economics Unit 1 · 2005 · Paper 1 · Question 6(a)

State TWO ways in which a firm operating under monopolistic competition differs from a monopolist.

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Other parts of this question

  1. 6(b)Explain the statement: 'Monopolistic competition produces inefficiently even in the long-run because it has excess capacity.'[2 marks]

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