Characteristics of Monopolistic Competition

Characteristics of Monopolistic Competition:

Monopolistic competition, as the name itself entails, is a blending of monopoly and competition. The monopolistic competition refers to the market condition in which a big number of sellers make goods that are close replacements of one another. The products are similar however not identical. The specific brand of product will have an assembly of loyal consumers. In this respect, each and every firm will have certain monopoly and at similar time the firm has to compete in the market with the other firms as they generate a fair substitute. The necessary features of monopolistic competition are product differentiation and presence of numerous sellers.

(A) Existence of Large Number of firms

(B) Product differentiation

(C) Selling Costs

(D) Freedom of entry and exit of firms

Latest technology based Economics Online Tutoring Assistance

Tutors, at the, take pledge to provide full satisfaction and assurance in Business Economics help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Business Economics, project ideas and tutorials. We provide email based Business Economics help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Business Economics. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Business Economics. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.