If you are referring to SA then this answer should help.
Eskom is a true monopoly because it is the only electricity supplier in SA. It has no close substitute. Telkom isn't a true monopoly as Neotel is a close substitute to it.
(This answer may be different/vary in other countries.)
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Monopolistic Competition
in general; some examples of monopolistic competition are foods, clothes, shoes, gasoline,toys, etc.
Yes. [Product differentiation]
PepsiCo and Coca Cola
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bookbags
Monopolistic Competition
in general; some examples of monopolistic competition are foods, clothes, shoes, gasoline,toys, etc.
Yes. [Product differentiation]
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.
they maximize profit