Some examples of monopolistic competition include restaurant chains and cereal brands. In monopolistic competition, many producers sell differentiated products that are not exactly...
Short-run equilibrium of the firm under monopolistic competition. The firm
maximizes its profits and produces a quantity where the firm's marginal revenue (
The model of monopolistic competition describes a common market structure in
which firms have many competitors, but each one sells a slightly different product
This article gives an overview of the features of a monopolistically competitive
market. More »
Monopolistic competition tends to lead to heavy marketing, because different
firms need to distinguish broadly similar products. One company might opt to
Definition of monopolistic competition: Market situation midway between the
extremes of perfect competition and monopoly, and displaying features of the
Monopolistic Competition is a market structure in which many firms sell products
that are similar but not identical. Characteristics of Monopolistic Competition: 1.
Monopolistic competition is a market structure characterized by many firms
selling products that are similar but not identical, so firms compete on other
Monopolistic competition is a market structure characterized by a large number of
relatively small firms. While the goods produced by the firms in the industry are ...