Product differentiation is a characteristic of:

Related MCQs

• The demand curve faced by the a monopolistically competitive firm is very elastic if the degree of product differentiation is
• Monopolistic competitive firm fixes the price of its product
• Under monopolistic competition, the demand curve of the product of an individual firm depends on the nature and prices of close substitutes
• The demand for the product of a monopoly firm is
• The cross elasticity of demand for the monopolist product is
• Existence of large number of buyers and sellers and homogenous product is a feature of :