In monopolistic competition the market structure do the actions of a rival have a significant impact on your operations.
What is monopolistic competition and in which market structure do the actions of a rival have a significant impact on operations?
- Monopolistic competition is the competition in the market in which numerous producers compete against each other .
- The competing producers compete against each other but the selling fraternity are differentiated from each other.
- Here the question is asked of the market structure doing the actions of a rival having significant impact on your operations.
- Monopolistic competition is a competition in the industry of market and business that is covered all over by competing companies.
- Hence the market structure doing the actions of a rival having significant impact on operations is monopolistic competition.
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