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    Examples of competitive markets

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    What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets?
    Please answer these questions in your own words and five one example of each.

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    Solution Preview

    Monopolistical competition is a form of imperfect competition where firms sell similar products (i.e. substitutes), but with differences such as branding. Some examples of this form are restaurants, toothpastes and books (such as novels, not exact same content, but all can be ...

    Solution Summary

    This solution helps go through examples of competitive markets.