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- Large number of sellers and buyers in the group
- The products of the sellers are differentiated, yet they are close substitutes of one another.
- There is free entry and exit of firms in the group
- The goal of the firm is profit maximisation, both in the short run and in the long run
- The prices of factors and technology are given
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What best states the main difference between monopoly and monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
What are five characteristics of pure competition?
I need an answer what are 5 characteristics of pure competition?
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.
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.
What are the characteristics of a free- enterprise system?
Private ownership individual initiative profit competition
What best states the main difference between monopoly and monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
What are five characteristics of pure competition?
I need an answer what are 5 characteristics of pure competition?
What is an Anti-trust law?
Law inteded to promote free competition in the marketplace by outlawing monopolies.In this context the term "trust" refers to a business alliance for the purpose of establishing a monopoly. So anti-trust legislation is anti-monoplistic, or pro-competition.
What is an anti trust law?
Law inteded to promote free competition in the marketplace by outlawing monopolies.In this context the term "trust" refers to a business alliance for the purpose of establishing a monopoly. So anti-trust legislation is anti-monoplistic, or pro-competition.
Describe characteristics and give examples of prefect competition?
Describe characteristics and give examples of prefect competition
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.
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.
What is Ecological Displacement?
it is spatial or temporal characteristics of organisms that have changed because of competition.
What are some personal characteristics of the US?
this are the characteristics of u.s economy,free market,private property,profit,competition, and consumer sovereignty.
What are the characteristics of monopolistic competition in terms of market structures?
It includes many sellers, differentiated products, easy entry and exit, and nonprice competition.
What are the characteristics of a free- enterprise system?
Private ownership individual initiative profit competition
What are the factors to be considered in channel distribution?
There are many factors to be considered in channel of distribution. Just a few of them include target market characteristics, nature of the product, cost efficiency, company characteristics, middleman characteristics, and competition characteristics.
