what is monopolistic???
Answers
Answer:
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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 amonopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.
Example of monopolistic
The Fast Food companies like the McDonald and Burger King who sells the burger in themarket are the most common type of example of monopolistic competition. The two companies mentioned above sell an almost similar type of products but are not the substitute of each other.
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Answer:
m⊕η⊕p⊕ﾚïς ς⊕mpε†ï†ï⊕η ïš α †ψpε ⊕ƒ ïmpεrƒες† ς⊕mpε†ï†ï⊕η šuςh †hα† †hεrε αrε mαηψ pr⊕duςεrš ς⊕mpε†ïηg αgαïηš† εαςh ⊕†hεr, ßu† šεﾚﾚïηg pr⊕duς†š †hα† αrε dεrεη†ïα†εd ƒr⊕m ⊕ηε αη⊕†hεr αηd hεηςε αrε η⊕† pεrƒες† šußš†ï†u†εš.