Question

difference between monopoly and monopolistic competition on the basis of
1.nature of products
2. substitute
3.profits
4. graphs​

Answer 1

Answer:

Monopoly is a market structure where the participant is a single seller that dominates the overall market as he is offering a unique product or service whereas a monopolistic competition is a competitive market that has only a handful of buyers and sellers that offer close substitutes to the end users...

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