ibbyali1829 ibbyali1829
  • 02-12-2020
  • Advanced Placement (AP)
contestada

Difference between monopoly and monopolistic competition

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zowiereid24
zowiereid24 zowiereid24
  • 02-12-2020

Answer:

monopolistic competition is 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 profit. Monopolies dictate over a specific thing so they are the only thing that is selling.

Explanation:

google & known knowledge

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