What are the features of monopolistic competition ?

1.	What are the features of monopolistic competition ?
Answer» <html><body><p></p>Solution :The features of monopolistic <a href="https://interviewquestions.tuteehub.com/tag/competition-423521" style="font-weight:bold;" target="_blank" title="Click to know more about COMPETITION">COMPETITION</a> are as follows: <br/> Large number of sellers and buyers <br/> Product <a href="https://interviewquestions.tuteehub.com/tag/differentiation-18656" style="font-weight:bold;" target="_blank" title="Click to know more about DIFFERENTIATION">DIFFERENTIATION</a>. <br/> <a href="https://interviewquestions.tuteehub.com/tag/huge-1032540" style="font-weight:bold;" target="_blank" title="Click to know more about HUGE">HUGE</a> selling costs <br/> No absolute freedom of entry and <a href="https://interviewquestions.tuteehub.com/tag/exit-979843" style="font-weight:bold;" target="_blank" title="Click to know more about EXIT">EXIT</a> of firms <br/> Lack of perfect <a href="https://interviewquestions.tuteehub.com/tag/knowledge-25694" style="font-weight:bold;" target="_blank" title="Click to know more about KNOWLEDGE">KNOWLEDGE</a> <br/> Partial control over price <br/> Non price competition <br/> Downward sloping and more elastic demand curve (AR).</body></html>

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