Tag Archives | monopolistic

6 most important characteristics features of monopolistic competition

6 most important characteristics features of monopolistic competition. The concept of monopolistic competition is more realistic than perfect competition and pure monopoly. According to Chamberlain in real economic situation both monopoly and competitive elements are present.

By Varun|2011-06-17T14:25:03+00:00June 17, 2011|Economics|Comments Off

What are the important Merits and Demerits of Monopolistic Competition?

An important merit of monopolistic competition is that it is much closer to reality than several other models of market structure. Firstly, it incorporates the facts of product differentiation and selling costs. Secondly, it can be easily used for the analysis of duopoly and oligopoly.

By Sushil Nanda|2011-02-08T17:40:24+00:00February 8, 2011|Economics|Comments Off