You need to log-in or subscribe in order to use Student access.

Unit 2.11(4) Market power - Monopolistic competition(HL)

Monopolistic competition is a form of imperfect competition. Many markets across the economy share the characteristics of monopolistic competition such as hairdressers, restaurants, plumbers and care homes. These markets are made up of a large number of firms accounting for a high proportion of total market output. The increased realism of the monopolistic competition model compared to perfect competition allows us to...

To access the entire contents of this site, you need to log in or subscribe to it.

Alternatively, you can request a one month free trial.