Question

Explian large number of sellers in monopolistic competition

Answer 1

Monopolistic competition refers to a market situation, in which a large numberof firms sells differentiated product. Thus, it is a market where a large number of sellersproducing close but not perfect substitutes to each other.

Answer 2

Heya ____

Answer _______

Yeah _ In a monopolistic market there r large no of sellers as there is freedom of entry and exist...

So there r large seller of same product but different compensation of product by different firms of packing and offers...

Ex - Different brands of soap only ..

Thank you