What are the features of monopolistic competition?
What are the features of monopolistic competition?
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Newton D
The main features of monopolistic competition are as under:
Large Number of Buyers and Sellers: There are large number of firms but not as large as under perfect competition. …
Free Entry and Exit of Firms: …
Product Differentiation: …
Selling Cost: …
Lack of Perfect Knowledge: …
Less Mobility: …
More Elastic Demand:
manish1008
The main features of monopolistic competition are as under:
Large Number of Buyers and Sellers
Free Entry and Exit of Firms: …
Product Differentiation: …
Selling Cost: …
Lack of Perfect Knowledge: …
Less Mobility: …
More Elastic Demand