Is toothpaste a monopolistic competition?
Is toothpaste a monopolistic competition? The toothpaste industry is one typical model of a monopolistic competition this means that it’s a cross between a perfectly competitive market and a monopolistic market. Under monopolistic competition, each firm produces a differentiated product. Products are close substitutes but not perfect substitutes. Is toothpaste an oligopoly? Indian toothpaste industry … Continue reading Is toothpaste a monopolistic competition?
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