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I think that's because there are many hotels around the world that provide similar services and those are characteristics of monopolistic competition:
- Large number of firms, sellers and buyers
- Similar goods and services
Wiki User
∙ 11y ago
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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.
What does monopolistic competition and perfect competition have in common?
they maximize profit
What is the market structure of Nestle?
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 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.
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
What is the market structure of Google?
monopolistic competition
Why is restaurants a example of monopolistic competition?
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