Three forms of non-price competition strategies used by monopolistic c

1.	Three forms of non-price competition strategies used by monopolistic competitive firms
Answer» Answer: hope this helps you °°° Explanation: No SELLERS or buyers have complete market information, like market demand or market supply.[12] Market Structure comparison Number of FIRMS Market power Elasticity of demand Product differentiation Excess profits EFFICIENCY Profit maximization condition Pricing power Perfect Competition Infinite None Perfectly elastic None Yes/No (Short/LONG) Yes[13] P=MR=MC[14] Price taker[14] Monopolistic competition Many Low Highly elastic (long run)[15] High[16] Yes/No (Short/Long)[17] No[18] MR=MC[14] Price setter[14] Monopoly One High Relatively INELASTIC Absolute (across industries) Yes No MR=MC[14] Price setter

Three forms of non-price competition strategies used by monopolistic competitive firms

Answer»

Answer:

hope this helps you °°°

Explanation:

No SELLERS or buyers have complete market information, like market demand or market supply.[12]

Market Structure comparison

Number of FIRMS Market power Elasticity of demand Product differentiation Excess profits EFFICIENCY Profit maximization condition Pricing power

Perfect Competition Infinite None Perfectly elastic None Yes/No (Short/LONG) Yes[13] P=MR=MC[14] Price taker[14]

Monopolistic competition Many Low Highly elastic (long run)[15] High[16] Yes/No (Short/Long)[17] No[18] MR=MC[14] Price setter[14]

Monopoly One High Relatively INELASTIC Absolute (across industries) Yes No MR=MC[14] Price setter