Ask Question
4 April, 12:00

Which assumption is part of the model of monopolistic competition?

+5
Answers (1)
  1. 4 April, 13:48
    0
    The answer to this question is There is no collusion mutual interdependence among firms.

    Under the model of monopolistic competition, there is only a single entity that control the market of a certain product. Which means, that single entity could basically make any policy without needing to consider the possible reactions of its rival (no collusion mutual interdependence)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which assumption is part of the model of monopolistic competition? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers