Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition

Question

Gwar [14]

3 years ago

5

Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition

. the most common reason for this is

Business

1 answer:

tiny-mole [99] · Answer 1 · 2022-06-26T14:22:43+03:00

tiny-mole [99]3 years ago

7 0

These firms do not have perfect market information to know all the price charges by different sellers,the quality the market demand and supply is etc.