featurs of minopolistic competition
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7 Main Features of Monopolistic Competition - Economics Discussion
The main features of monopolistic competition are as under:
Large Number of Buyers and Sellers:
Free Entry and Exit of Firms: Product Differentiation:
Selling Cost:
Lack of Perfect Knowledge: Less Mobility: More Elastic Demand:
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What are the features of monopolistic competition?
The main features of monopolistic competition are as under:
Large Number of Buyers and Sellers:
There are large number of firms but not as large as under perfect competition. ...
Free Entry and Exit of Firms: ...
Product Differentiation: ...
Selling Cost: ...
Lack of Perfect Knowledge: ...
Less Mobility: ...
More Elastic Demand:
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