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प्रश्न
Name the characteristic which makes monopolistic competition different from perfect competition.
उत्तर
The goods produced by the firms under monopolistic competition are not homogeneous like in the case of perfect competition. Firms under monopolistic competition produce differentiated products.
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संबंधित प्रश्न
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
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Give an example of oligopoly.
What is meant by the term 'price taker'?
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What is the difference between collusive and non-collusive oligopoly?
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following.
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