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The paper restates Harts 1985a, 1985b definition of large group monopolistic competition, distinguishes it from oligopolistic competition, and raises the ques-tion of whether there are reasonable circumstances that give rise to true monopo-listic competition as defined. The purpose is to show that consumers imperfect information may create conditions that will turn an otherwise oligopolistic market into a truly monopolistically competitive one. I.
Asher Wolinsky (Fri,) studied this question.
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