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Under what market conditions is monopolistic competition possible?
EncofBizandFinance
a large number of sellers produce a product or service that is perceived by consumers as being different from that of a competitor but is actually quite similar
Wiki User
∙ 13y ago
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What is monopolistic competition and perfect competition?
Three conditions characterize a monopolistic & Perfectly competitive market. First, the market has many firms, none of which is large. Second, there is free entry and exit into the market; there are no barriers to entry or exit. Third, each firm in the market produces a differentiated product. This last condition is what distinguishes monopolistic competition from perfect competition. In perfect competition in addition to the prior two characteristics the firms produces similar products.
What is the market structure of Nestle?
Monopolistic competition
What is the market structure of Google?
monopolistic competition
What do you call a business that controls a market and no competition?
A monopolistic firm is a firm that controls the market. This is only possible with scarce competition (little to none.) The market structure is called a monopoly when this happens.
What market structure are gas stations?
monopolistic competition
What is monopolistic competition and perfect competition?
Three conditions characterize a monopolistic & Perfectly competitive market. First, the market has many firms, none of which is large. Second, there is free entry and exit into the market; there are no barriers to entry or exit. Third, each firm in the market produces a differentiated product. This last condition is what distinguishes monopolistic competition from perfect competition. In perfect competition in addition to the prior two characteristics the firms produces similar products.
What market structures can exist in a free market?
Oligopoly, Pure competition, Monopolistic competition
What is the market structure of Nestle?
Monopolistic competition
What is the market structure of Google?
monopolistic competition
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
What do you call a business that controls a market and no competition?
A monopolistic firm is a firm that controls the market. This is only possible with scarce competition (little to none.) The market structure is called a monopoly when this happens.
How is monopolistic competition similar to perfect competition?
Monopolistic competition is a common market structure where many competing producers sell products that are differentiated from one anotherperfect competition occurs in markets in which no participant has market power
What market structure are gas stations?
monopolistic competition
Different types of market structure?
monopoly,perfect competition,monopolistic competition,
Is fruit market a monopolistic competition?
maybe depends on how you are feeling
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.
