Get personalized answers to your specific questions with IDNLearn.com. Join our interactive community and access reliable, detailed answers from experienced professionals across a variety of topics.
Sagot :
A major difference between monopolistic competition and perfect competition is " that products are not standardised in monopolistic competition unlike in perfect competition."
What is monopolistic competition and perfect competition?
- In a monopolistic market, a single company controls the amount of supply and the prices of goods and services.
- Consumers are likely to be familiar with a variety of industries that exhibit monopolistic competition in their daily lives. Restaurants, hair salons, apparel, and consumer gadgets are a few examples.
- A market with perfect competition is one with many enterprises and no dominant player.
- No market is entirely monopolistic or completely competitive in the actual world.
To know more about the common goods and services a family buy, here
https://brainly.com/question/12058035
#SPJ4
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.
