One difference between monopolistic competition and pure competition is that:

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Business

Shaun Bailey

30 March, 10:04

One difference between monopolistic competition and pure competition is that:

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Rodrigo Taylor · Answer 1

One difference between monopolistic competition and pure competition is that: There is some control over price in monopolistic competition

In monopolistic competition, a specific resource is fully owned by a single entity without any competitors.

Since there is no other entity that could offer the product to the customer, the company could put a really high price and the customers that need the products have no choice but to follow