Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition. the most common reason for this is

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Nicol Bolas · Answer 1 · 2019-11-22T00:09:33+0000

these firms do not have perfect market information to know all the price charges by different sellers,the quality the market demand and supply is etc.

Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition. the most common reason for this is

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