implications of product differention feature of monopolistic competition
Answers
Answered by
0
Product differentiation or differentiated product is a distinct feature of monopolistic competition. Though the number of firms is large but their product differs in colour, shape, brand quality, durability, etc. It has two important implications: (i) It allows a firm a partial control over price of its product.
Answered by
2
Answer:
Implication of product differentiation in Monopolistic Competition is that buyers of a product differentiate between the same product produced by different firms. Therefore, they are also willing to pay different prices for the same product produced by different firms.
Explanation:
i hope this will help you
please mark me as brainliest
thankyou ☺️
Similar questions