What is the pricing under monopolistic competition

Meaning and definition perfect competition

and Monopoly are the two extreme and are really found in the real world therefore of Harvard University bought about a synthesis of the two theories but theory of monopolistic competition in 1933 competition is more realistic The Other competition of monopoly view the exciting market as the blending of between the elements of competition and monopoly...

features of monopolistic competition

large number of sailors and importance features of monopolistic competition is the existence of a large number of sailors from in the market with each form accounting for a very small share of the total output of the industry has each form has a very limited control over the price of the product each firm is free todependently and to decide its oven price output policy without considering the reaction of river firm...

price output determination

under ballistic competition Season Mall of Holistic competition different from produce different varieties of product prices will be determine on the basis of demand and coast condition firm have to make adjustment in price and output product adjustment and adjustment of selling cost to fulfill their aim of profit maximation and each one else independently and product is differentiated