A market situation when many firms sell similar but not identical products is termed as
Answers
im pretty sure its monopolistic
In the monopolistic competition the market has a large number of sellers who sell similar products that are not identical in nature, and there is some difference in product attributes.
The market is termed as monopolistic.
The market can have 4 types of structure, and they are Perfect Competition structure, Monopolistic competition market, Monopoly market and oligopoly market each having its significance as well.
In the monopolistic competition the market has a large number of sellers who sell similar products that are not identical in nature, and there is some difference in product attributes.
The market is termed as monopolistic.
The market can have 4 types of structure, and they are Perfect Competition structure, Monopolistic competition market, Monopoly market and oligopoly market each having its significance as well.