Economy, asked by mrmsagar2018, 11 months ago

what is monopolistic

Answers

Answered by Anonymous

5

Answer:

Monopolistic is relating to a person or business that has exclusive possession or control of the supply of or trade in a commodity or service.

Answered by singhalseema03p9uwqn

0

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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