Question: 1. What is the most important difference between perfectly competitive markets and monopolistically competitive markets? Why are demand and marginal revenue represented by the same

1. What is the most important difference between perfectly competitive markets

and monopolistically competitive markets? Why are demand and marginal revenue represented by

1. What is the most important difference between perfectly competitive markets and monopolistically competitive markets? Why are demand and marginal revenue represented by the same curve for a firm in a perfectly competitive market, but by separate curves for a firm in a monopolistically competitive market

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