Economy, asked by Sriramrohit6353, 11 months ago

What do you know about moopolistic compitition? Discuss its main features?

Answers

Answered by brainlystargirl

Heya...

Monopolistic market....

It is the form of market with large no of sellers and buyers but the product of each seller is different from each other...
Example,, toothpaste has lots of brand aa Colgate , pepsodine...etc...

Features of this market...

"" Large no of buyers and sellers...

It gives consumers sorveginity that raise intrest in market...

"" Product differentiation...

Product of each seller is different in terms of packing, shape , ingridients...

"" Non price competition...

Monopolistic leads to high advertising to seller it's brand with loyality that leads to non price competition...

"" Freedom of entry and exit...

It gives freedom in market that lead large no of firms and large varieties...

-- Be Brainly..

Answered by BrainlyGovind

Features of Monopolistic Competition

Features of Monopolistic CompetitionThis ensures that the product offered by the brand does not have a perfect substitute. ... Freedom of entry or exit: Like in perfect competition, firms can enter and exit the market freely. Non-price competition: In monopolistic competition, sellers compete on factors other than price.

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