Which aspect of monopolistic competition gives consumers more choice

Question

Social Studies

Tate Sutton

9 January, 00:25

Which aspect of monopolistic competition gives consumers more choice

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Ashleigh Villegas · Answer 1

A monopoly gives consumers more options for making their decision in the market. Therefore, it this way, the sellers have the freedom to sell different kinds of products in the market that are not related to each other. The competitive market, therefore, has a variety of features that make it secure and going for long periods.

The exchange also uses advertisements more often that cater to competition in provides and eventually eliminates the profits that occur because of brand loyalty.