asked 150k views
4 votes
A monopolistically competitive industry, such as corn snack chips, and a perfectly competitive industry, like wheat farming, are alike in tha

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User Joofsh
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1 Answer

7 votes
Both industries have competition within. Such as Doritos v Lays or Wheat farm 1 vs wheat farm 2 vs wheat farm 3 vs rice farm 
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User Edmond
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