Give five assumptions in monopolistic product market

      

Give five assumptions in monopolistic product market

  

Answers


Maxwell
1 The market is controlled by one producer.

2 Consumers don't have a chance to choose products

3 Prices are not stable.

4 The quality of products rarely improves

5 Government gets lower amount of tax as compared to other markets
ndungumaxwel answered the question on August 22, 2018 at 07:06


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