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What is monopolistic competition?
Question
Asked 5/5/2013 9:59:31 PM
Updated 4/23/2016 2:17:39 AM
2 Answers/Comments
Edited by yumdrea [4/23/2016 2:16:55 AM], Flagged by yumdrea [4/23/2016 2:17:04 AM]
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User: What is monopolistic competition?

User: What is an oligopoly?

Question
Asked 5/5/2013 9:59:31 PM
Updated 4/23/2016 2:17:39 AM
2 Answers/Comments
Edited by yumdrea [4/23/2016 2:16:55 AM], Flagged by yumdrea [4/23/2016 2:17:04 AM]
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3

Monopolistic competition is a market structure characterized by many firms selling products that are similar but not identical, so firms compete on other factors besides price.

Added 4/23/2016 2:17:17 AM
This answer has been confirmed as correct and helpful.
3

An oligopoly is a market structure in which a few firms dominate.

Added 4/23/2016 2:17:39 AM
This answer has been confirmed as correct and helpful.
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