In which market does the concept of supply curve is relevant?
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Heya...
In the monopolistic market supply curve is more relevant....
Because....
In monopolistic market there is a different brands of a same product and consumer have great choice...
If the price of any firm is not situable for consumer they will directly shift to other one....
So every firm's supply curve is relevant to each other...
In the monopolistic market supply curve is more relevant....
Because....
In monopolistic market there is a different brands of a same product and consumer have great choice...
If the price of any firm is not situable for consumer they will directly shift to other one....
So every firm's supply curve is relevant to each other...
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