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Form of the market changes with …

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Form of the market changes with the change in the degree of control over price . explain?

    • Posted by Yashita Indoria 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    M K 7 years, 11 months ago

    It is only through product differentiation that a monopolistics competitive firm enjoys partial control over price. Difference in design, colour or even packing of the product attracts buyers to buy a particular product even at a relatively higher price. but full control over price is ruled out because: 1) there are competitors in the market, and 2) there is a large number of close substitutes. That's it

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