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What do you mean by monopolistic …

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What do you mean by monopolistic competition?

Posted by Shalini Kumari 5 years, 9 months ago

CBSE > Class 11 > Economics

3 answers

Maheshwari Mansi 5 years, 9 months ago

monopolistic competition refers to market situation in which there are large number of firms which sell closely related but differentiated products .market of products like soap toothpaste AC are examples of monopolistic competition

Samidha Batra 5 years, 9 months ago

Monopolistic competition is a market in which there are many buyers and sellers of the product but the product of each seller is different from that of the other. For example- toothpastes : colgate, close up,pepsodent etc . are all toothpastes but have different taste ,packagings , ingredients i.e., the product is differentiated.

Priyanshu Atal 5 years, 9 months ago

Monopolistic competition is a market structure which combines elements of monopoly and competitive markets.

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