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3.4.3 Monopolistic competition

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1
Question 1

The UK independent cafe and coffee shop market is an example of monopolistic competition because:

firms sell completely homogeneous goods

the market is dominated by a small number of large firms

there are low barriers to entry and exit

firms are unable to influence the price of their product

3.4.3 Monopolistic competition Questions

  1. A Level
  2. /Economics
  3. /3.4.3 Monopolistic competition