Describe the characteristics of monopolistic competition
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MONOPOLISTIC COMPETITION,CHARACTERISTICS: The four keycharacteristics of monopolistic competition are: (1) large number of small firms, (2) similar but not identical products sold by the firms, (3) relative freedom of entry into and exit out of the industry, and (4) extensive knowledge of prices and technology
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MONOPOLISTIC COMPETITION,CHARACTERISTICS: The four keycharacteristics of monopolistic competition are: (1) large number of small firms, (2) similar but not identical products sold by the firms, (3) relative freedom of entry into and exit out of the industry, and (4) extensive knowledge of prices and technology
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✌️ ✨I THINK IT HELPED YOU✨ ✌️
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