The task to complete is to create a market scenario for a branded handbag. (You can google handbags and come up with hundreds!):  Name the company and describe one of its "signature" handbags.  - Draw the monopolistic competition market model for that company showing a profit. 1. Do you think that the United State's economic system is best described by a perfectly competitive dynamic or best described by a monopoly dynamic where there are forces that exclude entry into markets or by a monopolistic competition dynamic with some power to exclude entry but mainly a market of differentiation

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