Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to

Question

Business

Karsyn Marshall

2 August, 06:15

Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to

+1

Answers (1)

Know the Answer?

Sylvia · Answer 1

It means to differentiate their product. Monopolistic competition is a sort of blemished rivalry with the end goal that numerous makers offer items that are separated from each other and subsequently are not impeccable substitutes.

Harmony under monopolistic competition. In the short run, supernormal benefits are conceivable, however, over the long haul, new firms are pulled in into the business, as a result of low boundaries to the passage, great learning and a chance to separate.