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Features of monopolistic Competition
[ltr]Monopolistic Competition [/ltr]

[ltr]Monopolistic competition is a market situation, in which many firms compete with each other to sell their closely related differentiated products.[/ltr]

[ltr]Features of monopolistic Competition [/ltr]

[ltr]1.Large Number of Firms and Buyers [/ltr]

[ltr]2.Product Differentiation [/ltr]

[ltr]3.Freedom of Entry and Exit of Firms [/ltr]

[ltr]4.Selling Cost [/ltr]

5. Non-Price Competition 

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