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Q: What is monopolistic competition mean?
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Is product of shampoo include in monopolistic or perfect competition?

Monopolistic Competition


Is Best Buy an oligopoly or monopolistic competition?

monopolistic 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.


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.


Explain price determination under monopolistic competition?

My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.


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


Why is restaurants a example of monopolistic competition?

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