Yes. [Product differentiation]
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in general; some examples of monopolistic competition are foods, clothes, shoes, gasoline,toys, etc.
Monopolistic Competition
PepsiCo and Coca Cola
monopolistic competition
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bookbags
Monopolistic Competition
in general; some examples of monopolistic competition are foods, clothes, shoes, gasoline,toys, etc.
PepsiCo and Coca Cola
monopolistic competition
the common examples of monopolistic competition are foods,clothes,newspaperetc
Existence of large firms, no competition and influence over the prices are some of the characteristics of monopolistic competition.
In monopolistic competition, sellers can profit from the differences between their products and other products.
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.
Monopolistic competition is inefficient compared to perfect competition because firms in monopolistic competition have some degree of market power, allowing them to set prices higher than in perfect competition. This leads to higher prices for consumers and less efficient allocation of resources. Additionally, firms in monopolistic competition may engage in non-price competition, such as advertising, which can further reduce efficiency.
they maximize profit