Eduprobe
Question:
State any one feature of monopolistic competition.
Solution:
Feature of monopolistic competition: 1. Free entry and exit of firms 2. Product differentiation 3. Selling cost 4. Lack of perfect knowledge 5. Less mobility
Feature of monopolistic competition: 1. Free entry and exit of firms 2. Product differentiation 3. Selling cost 4. Lack of perfect knowledge 5. Less mobility