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
It is called restriction. E<span>very US court is obliged to hear every case brought before it. A judge can rapidly dismiss a case, provided he gives a reason that will stand up to any appeal.</span>
<span>In terms of substance-related disorders, the word "addiction" is most closely associated with </span>substance dependence.