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MakcuM [25]
3 years ago
5

PLEASE HELP IT DUE TODAY

Business
1 answer:
Serggg [28]3 years ago
5 0

Explanation:

<em><u>Monopolistic </u></em><em><u>competition</u></em>

Monopolistic competition, many seller that differentiated products - products that differ slightly but sever similar purpose. By making consumer aware of product difference, seller exert some control over price.

<em><u>Oligopoly</u></em>

In an oligopoly, a few sellers supply sizable portion of products in the market. They exert some control over price, but because their products are similar, when one company lowers prices, the others follow .

<em><u>Monopoly</u></em>

In a monopoly, there is only one seller in the market. The market could be a geographical area, such as a city or a regional area, and does not necessarily have to be añ entire country. The single seller is able to control prices

<em><u>Mark </u></em><em><u>me </u></em><em><u>as </u></em><em><u>brilliant</u></em><em><u> </u></em><em><u>answer</u></em>

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<h3>What is diffusion?</h3>

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