Which aspect of monopolistic competition gives consumers more choice?

Producers rely on consumer decisions to succeed.

Price is not an important factor.

Few barriers to market entry exist.

Producers are more concerned about selection than profits.

Question

Business

Dominick Noble

3 October, 00:15

Which aspect of monopolistic competition gives consumers more choice?

Producers rely on consumer decisions to succeed.

Price is not an important factor.

Few barriers to market entry exist.

Producers are more concerned about selection than profits.

+2

Answers (1)

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Sheldon Sparks · Answer 1

Producers rely on consume decisions to succeed. In a monopolistic competition a single most powerful producer buys his competitions and uses this as an advantage to gain more capital from consumers. Without the demand from consumers this type of business will not be successful.

Which aspect of monopolistic competition gives consumers more choice?Producers rely on consumer decisions to succeed.Price is not an important factor.Few barriers to market entry exist.Producers are more concerned about selection than profits.

Which aspect of monopolistic competition gives consumers more choice?

Producers rely on consumer decisions to succeed.

Price is not an important factor.

Few barriers to market entry exist.

Producers are more concerned about selection than profits.