In the monopolistic competition market, a firms monopoly powerr

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    is limited because many close substitutes for the firms good or service exist..
    is limited because positive economic profits encourage entry into the market, which increases competition and lowers the firms profit maximizing price..
    allows the firm to set its price.
    All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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