Economy, asked by yousufnabeela815, 8 months ago

what do you understand by the concept of monopolistic competition?

Answers

Answered by summanichauhani

1

Answer:

Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.

Answered by arushi7288

0

Answer:

may be help you

Explanation:

Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.

please mark as brainliast

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