Characteristics of Monopolistic Competition
The Characteristics of Monopolistic Competition Numerous Firms. A monopolistic market is a market structure with the characteristics of a pure monopoly. 12 Characteristics Of Monopolistic Competition Marketing91 In monopolistic competition product differentiation is the key to add an element of monopoly to the market. . The five characteristics of monopolistic competition are as follows. Characteristics of Monopolistic Competition Following are the main characteristics of Monopolistic Competition 1Large Number of Firms and Buyers. Monopolistic Competition is defined as an environment wherein the market participants sell differentiated products yet serve the same end market. Features of Monopolistic Competition 1. Under monopolistic competition a large number of firms sell closely related but heterogeneous. Alison Free Learning Providing Opportunities To People Anywhere In The World Since 2007. Slightly dif