Perfectly/ monopolistic competitive firms Discuss the difference between a perfectly competitive firm and a monopolistic competitive firm. Also read: Assume that a perfectly competitive industry Perfectly competitive market Examine ways in which new and existing firms attempt to enter the industry and to expand. What barriers to entry and mobility exist and how do firms overcome them? What characteristics are necessary for a market to be competitive? Are there many competitive markets in the real world? When, if ever, is a company morally responsible for harm done by the blatant misuse of a perfectly legitimate and socially useful product? Post Discussion: “But I’m Perfectly Fine Living Like This!” Chapter 8 Market Entry, Monopolistic Competition, and Oligopoly Monopolistic markets