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· Two firms in the industry
· Strong control over price.
· Uses Non price competition to compete
· Very strong Barriers to entry
Note. a pure dupoly very rarly occurs in real life the more common is two dominate firms who hold majority of the market share.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agon1. two firms in the industry
n2.Strong control over price
n3.Uses Non price competition to compete
n4. Very strong Barriers to entry
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What is the explanation for the features of monopolistic competition?
Existence of large firms, no competition and influence over the prices are some of the characteristics of monopolistic competition.
Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
What are two types of competitive markets?
Monopolistic competition and oligopoly
What is the difference between monopolistic competition and oligopoly?
While monopolistic competition features many small firms competing against each other, oligopoly features competition amongst a few large firms. Both structures represent imperfect market competition.
What is the explanation for the features of monopolistic competition?
Existence of large firms, no competition and influence over the prices are some of the characteristics of monopolistic competition.
Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
What are two types of competitive markets?
Monopolistic competition and oligopoly
What is the difference between monopolistic competition and oligopoly?
While monopolistic competition features many small firms competing against each other, oligopoly features competition amongst a few large firms. Both structures represent imperfect market competition.
Which is the main difference between perfect competition and monopolistic competition?
In monopolistic competition, sellers can profit from the differences between their products and other products.
What are the disadvantages of household in monopolistic competition?
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.
What does monopolistic competition and perfect competition have in common?
they maximize profit
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
What are three types of business competition?
Pure Competition Monopolistic Competition Oligopoly Monopoly
What is the market structure of Nestle?
Monopolistic competition
Is McDonald's part of monopolistic competition?
yes
