Examples of Monopolistic Competition

January 17, 2023 ⚊ 1 Min read ⚊ Views 77 ⚊ BLOG

There are many different examples of monopolistic competition. For example, in the case where there are many firms producing the same product by combining their efforts, and each firm competes with each other for customers by offering slightly different products. Thus, we can call this type of competition imperfect competition since product differentiation exists but perfect substitutes do not exist.

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