0 RISHABH ANANTIntermediate Asked: November 10, 20202020-11-10T14:29:50+05:30 2020-11-10T14:29:50+05:30In: Eco/BCK (CA Foundation) MARKETS 0 Question no. 55 Share Sorry, you do not have permission to answer to this question. 1 Answer Oldest Shristi Roy Moderator Moderator 2020-11-10T14:34:05+05:30Added an answer on November 10, 2020 at 2:34 pm Monopolistic competition – option no A Monopolistic competition occurs when an industry has many firms offering products that are similar but not identical. Unlike a monopoly, these firms have little power to set curtail supply or raise prices to increase profits.
Monopolistic competition – option no A
Monopolistic competition occurs when an industry has many firms offering products that are similar but not identical. Unlike a monopoly, these firms have little power to set curtail supply or raise prices to increase profits.