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Irina18 [472]
3 years ago
5

Which set of characteristics describes a market that has monopolistic competition?

Social Studies
1 answer:
Phantasy [73]3 years ago
6 0

Answer:

Explanation: Monopolistic competition occurs when large number of firms sell similar but not identical products and competes with each other in other factors aside price.

Characteristics include:

1. Large number of sellers

2. Goods are close substitute

3. There is free entry into the market provided the new firm comes up with unique features and different variety to meet existing competition in the industry.

4. An individual firm is not a price taker but has some influence over the price of its product.

5. Firms compete in other factors aside price like promotional activities

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Being privy to your nonverbal conversation and converting that verbal exchange also can affect your cognitive and emotional states

Nonverbal verbal exchange has been defined as a conversation without words. It consists of apparent behaviors which include facial expressions, eyes, touching, and tone of voice, in addition to much less obvious messages along with getting dressed, posture, and spatial distance between two or more human beings.

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