Business Studies, asked by julekhjulu315, 1 month ago

a major difference between monopoly and monopolistic competition is:​

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Answered by manav22115
5

Answer:

The basic difference is the number of players existing in monopoly and monopolistic competition markets. A monopoly is created by a single seller whereas monopolistic competition requires at least 2 but not a large number of sellers. ... Monopoly enjoys the sole control overall characteristics of its products.

Answered by sonimilin2014
2

Answer:

The basic difference is the number of players existing in monopoly and monopolistic competition markets. A monopoly is created by a single seller whereas monopolistic competition requires at least 2 but not a large number of sellers. ... Monopoly enjoys the sole control overall characteristics of its products.

Explanation:

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