Assignment Nos. 9
Monopoly
Please answer the following questions and submit on the deadline date.
1. What
do you think is/are the importance of understanding the monopolistic
competition in the market. How does economists/managers benefits in
understanding this market typology.
2. What do you think are the reasons why monopolistic competition would only earn
normal profit in the long run? Explain and support your answers.
Follow this simple step.
a. Analyze the topic without bias.
b. Compare the topic to something relevant.
c. Evaluate the subject by providing an argument and defending that opinion
with evidence to support it.