with persuasive advertisements and diverse choices. This has a lot to do with monopolistic

competition. Residents of monopolistically competitive regions find it hard to believe that there are locations where advertisements are almost non existent and choices are limited. Places like these lack monopolistic competition, but instead have almost pure competition. Let's take a closer look between the two very different market structures.

In a purely competitive market structure a firm sells standardized goods set at market

price. Advertisements and brand names are virtually absent in a purely competitive situation. There is a high number of sellers as well as a high number of buyers and entry and exist into the market is fairly simple. Also firms in this type of structure are price takers. The

to the fact that there aren't as many customers as in a larger, more populated area.

I personally prefer a monopolistically competitive society over a purely competitive one. As a consumer I want variety and good quality products even if that means I'm not always paying the lowest price for a good.

the purely competitive cure that always remains flat.

In monopolistic competition firms sell brand name "differentiated" goods and services and

limited to only eating the Whopper for lunch. There are many other choices available such as

opposed to monopolistic competition where one must pay top dollar to get a high quality product.

In pure competition choices are very limited. If a customer doesn't want to pay market

Some common words found in the essay are:
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Approximate Word count = 622
Approximate Pages = 2 (250 words per page double spaced)