Economy, asked by ramsdd2018, 6 months ago

what is mean by monopolystick competition

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Answered by pratiktoraskar2428

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

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