Why monopolistic exist?
What is monopolistic competition? Who created it?What is the advantages and disadvantages of monopolistic?
A monopoly is when a company has total control of a product. There is no competition. So the company (or person) can do whatever they want.
And that's the disadvantage. The consumer is the one who has to pay the price the monopoly wants. Healthy competition keeps prices reasonable and ensures that research and development is ongoing so better products are created.
monopolistic competition is also called as group competition. the main reason for existing monopolistic competition in the world is the nature of monopolistic market. that is there is a free opportunity to enter and exit in the monopolistic market.
by junko 4 years ago
I remember when I was growing up in a community where there were small community supermarkets and appliance stores all around the town. There were Drug stores and hardware stores, bakeries, and fish markets in walking distance all over town. Walmart drove almost all of those small business...
by Kiss andTales 3 years ago
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by Tony Lawrence 8 years ago
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by cooldad 23 months ago
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by Alan 3 years ago
In other words, does the existence of "God" depend upon the mind of Man to support that existence?
by WorldCup~2010 7 years ago
We are talking about Wal-Mart at school right now and there are two sides to this story. The bad side is how Wal-Mart is moving all of their manufacturing jobs over seas which ends up having a negative effect here in America. But also, Americans are getting rock bottom prices on most goods Wal-Mart...
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