1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
navik [9.2K]
2 years ago
5

What is the relationship between product differentiation and monopolistic competition?

Social Studies
1 answer:
Oduvanchick [21]2 years ago
3 0

In a Monopolistic Competition, each seller delivers a differentiated product which is easily different from its close substitutes. The two main features of Monopolistic Competition are development differentiation and selling expenses.

<h3>What is the connection between product differentiation and monopolistic competition?</h3>

monopolistic competition guides to a market where many firs sell differentiated products. differentiation can arise from aspects of the good or service.

<h3>Why is product differentiation required for monopolistic competition?</h3>

Product differentiation is necessary for monopolistic competition because sellers in monopolistic competitor gain their limited monopoly-like control by making a distinctive product or by convincing customers that their product is different than the competition.

To learn more about monopolistic competition, refer

brainly.com/question/2891218

#SPJ4

You might be interested in
Why is it important to follow social norms and etiquetes?​
Naily [24]

Answer:

Etiquette helps us to be thoughtful about our conduct, it helps us to be aware of the feelings and rights of others. Etiquette helps us to get along with others, it promotes respect. Etiquette promotes respect for people of other cultures, etiquette is culturally bound.

Explanation:

may this answer is helpful for you

8 0
3 years ago
Read 2 more answers
By the time my head hits the pillow tonight, I intend to feel like I really_____
Marina86 [1]

Answer:  By the time my head hits the pillow tonight, I intend to feel like I really Reborned

Explanation:

5 0
3 years ago
Which of the following factors worsened the effects of the GreatDepression in 1933?
stich3 [128]
I don't know what your options were, but one of the factors that contributed to the effects of the Great Depression was the income and wealth inequality.

This inequality meant that the Depression hit some people harder and as a result, those people drastically limited their consumption, which lead to a worsening of the Depression
7 0
4 years ago
Que es y para que sirve una maquina? cuales son las maquinas simples? que es el esfuerzo?que es la fuerza de resistencia?
inessss [21]
Can you please ask your question in English so I'd be able to assist you? Or you can be this in the Spanish category?
5 0
3 years ago
Cherie studies people's attitudes and how they can be changed through persuasion. cherie is studying
Afina-wow [57]
The answer is social cognition. It is a sub-topic of social psychology that emphasizes on how an individual deal, put, and relate information about other individuals and social circumstances. It centers on the part that cognitive processes play in our communications. The way we ponder about others shows a foremost role in how we reflect, sense, and interrelate with the world around us.
4 0
3 years ago
Other questions:
  • List the significant information considered in each of the 4 areas of a general survey—physical appearance, body structure, mobi
    11·1 answer
  • According to the nebular theory the planets formed from a process called ______. After our proposing formed remaining dust and g
    13·2 answers
  • How the Greeks impacted our lives today
    13·2 answers
  • The introduction of third party in politics can __
    14·1 answer
  • Do Asian farmers produce about 50 percent, 75 percent, or 90 percent<br> of the world's rice?
    8·2 answers
  • Because it was too painful to think about how his marriage had fallen apart due to his wife's infidelity, Russell decided that h
    6·1 answer
  • The formal methods for changing states constitutions are legislative proposals, ballot initiatives, referendums, and ______.
    5·1 answer
  • James, who has been critically ill for over a month, wants to cast his vote during the upcoming midterm elections. Since his hea
    12·1 answer
  • Which of the following actions is an example of foreign policy intervention?
    11·1 answer
  • Which option lists the layers of the rainforest in the correct order from top to bottom?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!