Ruzhyo
What are some characteristics of a monopolistic competition market?
Monopolistic competition
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replied to: Ruzhyo
inzmtns
Replied to: What are some characteristics of a monopolistic competition market?
There should be many producers and many consumers in such a market; no one business should have control over the market price.
replied to: inzmtns
Jblaze2
Replied to: There should be many producers and many consumers in such a...
Consumers must believe that there are differences, other than price, between the products offered by various producers.