monopolistic

Economics

who determines price in above mentioned market ....individual firms or industry

Shreesha .T.u

CA Foundation

★ 2K+

14-May-21 06:17

788

Answers (3)

Individual firms itself, They are price makers in monopolistic competition

Himanshu Somani

CA Final

★ 97K+

14-May-21 07:42

Product differentiation is one of the characteristics of monopolistic competition and thus individual firms only will decide the price for their particular products.

Yoga Vishnu

CA Final

★ 11K+

14-May-21 10:28

Advertisement plays an important role in this market situation

Poojitha Jana

CA Foundation

★ 280

15-May-21 07:54