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How does a firm under monopolistic compe...

How does a firm under monopolistic competition exercise partial control over price?

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A monpolistic competitive firm enjoys partial control over price. It happens because by incurring heavy the firm is able to create a diferentiated image of its product in the minds of consumers. Products are difierentiated orn the basis of brand, size, colour, shape, etc Buyers are attracted to buy a Parloulan produat even at a relatively higher price
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