Saved Bookmarks
| 1. |
How does a firm under monopolistic competition exercise partial control over price? |
| Answer» Solution :A monpolistic competitive firm enjoys partial control over PRICE. It happens because by incurring heavy the firm is able to create a diferentiated IMAGE of its product in the minds of consumers. PRODUCTS are difierentiated orn the basis of brand, size, colour, shape, ETC BUYERS are attracted to buy a Parloulan produat even at a relatively higher price | |