imperfect competetion market structure

Understanding Monopolistic Competition – Assignment help !

By |2016-06-11T13:47:32+00:00June 11th, 2016|Categories: Economics assignment help|Tags: , , , , , |

# INTRODUCTION TO MONOPOLISTIC COMPETITION : We already know about the two extreme situations of market, namely perfect competition and monopoly.  But in real life, situation is the mid way between these two extremes. This is Monopolistic competition also referred as imperfect competition. Monopolistic competition is a market structure, wherein there are many sellers of a commodity, but the [...]