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Monopolistic Competition

Q: Is product of shampoo include in monopolistic or perfect competition?

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Monopolistic Competition

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monopolistic competition

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Existence of large firms, no competition and influence over the prices are some of the characteristics of monopolistic competition.

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In monopolistic competition, sellers can profit from the differences between their products and other products.

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The disadventages of this is that ... well it sucks muahhahaha

Disadvantages of a household in monopolistic competition are that a monopolistic competition work as one big industy and no one can start there own bussinesses because they government will not allow it.

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Economics

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