Which is NOT a conclusion of the model of monopolistic competition? Question 2 options: Each seller's price is different from their competitors' prices. Sellers can differentiate their product to make it distinct from their competitors' products. The price is set by the interaction of buyers and sellers in the market. Over the long run, sellers cannot earn excess profits. All the answers are correct.
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Step 1: The model of monopolistic competition suggests that each seller's price is different from their competitors' prices, as they have some degree of control over their pricing. Show more…
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