4. 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 Product differentiation Few sellers Price taker Many sellers Competitive Market Monopolistically Competitive Market ㅁ ☐

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A: Referencehttps://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Monetary-Policy

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A: Referenceshttp://pressbooks.oer.hawaii.edu/principlesofmicroeconomics/chapter/8-2-how-perfectly-comp…