Documents Monopolistic Competition aka rice eekers ith ow arriers o ntry P S W L B t E.

Monopolistic Competition aka rice eekers ith ow arriers o ntry P S W L B t E Characteristics Firms face low entry barriers Differentiated Products -they face a downward sloping…

Documents Firms face low entry barriers Differentiated Products - they face a downward sloping demand curve

Firms face low entry barriers Differentiated Products -they face a downward sloping demand curve -no Long Run Profits -Non-price Competition Price Taker Many Small Firms…