1. Conditions for monopolistic competition The following question asks you to analyze the monopolistically competitive market structure, which has some characteristics of both a monopoly and a competitive market. Complete the following table by selecting whether each of the listed attributes describes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply. Attributes Marginal revenue is equal to price Free entry Price taker Identical products Competitive Market 0 Monopolistically Competitive Market 0

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