(Answered) 1 describe the major features of monopolistic competition

Management Studies

1. Describe the major features of monopolistic competition compared to pure competition and pure monopoly.

2. Describe the basic characteristics of oligopoly. How does oligopoly compare with the other market structures?

3. Explain invention with suitable example.

4. Why is the demand for resources called a "derived" demand?

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Business Management, Management Studies

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