SakChan5381 SakChan5381
  • 03-11-2017
  • Business
contestada

Which assumption is part of the model of monopolistic competition?

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andriansp andriansp
  • 15-11-2017
the answer to this question is There is no collusion mutual interdependence among firms.
Under the model of monopolistic competition, there is only a single entity that control the market of a certain product. Which means, that single entity could basically make any policy without needing to consider the possible reactions of its rival  (
no collusion mutual interdependence)
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