0
Monopolistic competition is an imperfect form of competition where the products sold by each competing company are similar, but not identical. An example is that of Android smartphones. So, although the supply of each phone product is a monopoly, a similar product from another manufacturer will be a suitable substitute for most consumers.
What else can I help you with?
Is Water and sewer service a Monopolistic competition?
No it is Monopoly.
Different types of market structure?
monopoly,perfect competition,monopolistic competition,
What are the three types of market structure with imperfect competition?
Monopoly, Oligopoly, and monopolistic competition.
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
Match the type of market structure with each example?
A. Pure competition Computer operating systems B.Near monopoly Fast food restaurants C. Monopolistic competition Online auctioning D. Oligopoly Car makers
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
Is Video rental stores Monopoly?
No it is Monopolistic competition.
Is Water and sewer service a Monopolistic competition?
No it is Monopoly.
What are three types of business competition?
Pure Competition Monopolistic Competition Oligopoly Monopoly
Different types of market structure?
monopoly,perfect competition,monopolistic competition,
What are the three types of market structure with imperfect competition?
Monopoly, Oligopoly, and monopolistic competition.
Analyze 4 types of competitive environments?
Monopoly, Oligopoly, pure competition and monopolistic competition
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
Match the type of market structure with each example?
A. Pure competition Computer operating systems B.Near monopoly Fast food restaurants C. Monopolistic competition Online auctioning D. Oligopoly Car makers
What are the four types of economic competition?
pure or perfect, monopolistic, oligopoly, and monopoly
What best states the main difference between a monopoly and a monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
Is it a good policy for governments to completely eliminate monopoly power?
no monopoly is better in some organizations because i it gives economy of scale and its gives better services because of its large scale business but monopolistic competition is better than monopoly because in monopolistic competition , organization has discretionary power on either quantity or price but in monopoly organization have more control on price or supply than monopolistic competition and can charge price of its own will.
