361,136 views
32 votes
32 votes
Define MONOPOLISTIC competition

\: \: \:


User Sandip Solanki
by
3.1k points

2 Answers

18 votes
18 votes
an industry in which many firms offer products or services that are similar subtitles.
User Derek Ekins
by
3.1k points
12 votes
12 votes

♨ANSWER♥

Monopolistic competition is a type of market structure where many companies are present in an industry, and they produce similar but differentiated products. None of the companies enjoy a monopoly, and each company operates independently without regard to the actions of other companies.

...hope this helps...

_♡_mashi_♡_

User Ashoda
by
3.5k points