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Monopolistic Competition l Chemistry | Asst. Prof. Shikha Duggar

1,207 views · Published 28 December 2018 · 6:57 · Indexed 29 October 2026

Channel: Guru Kpo · 2018 · Education

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Welcome back to the channel

This video explains about Monopolistic Competition. It is a part of microeconomics which describes a market structure in which firms have many competitors, but each one sells a slightly different product.

Features of Monopolistic Competition

 1) A large number of buyers and sellers
 2) FREE entry & exit
 3) Product differntiation
 4) No- Price Distribution
 5) More elastic demand

Price-output determination under Monopolistic Competition

Conditions for the Equilibrium of an individual firm

So the conditions for price-output determination and equilibrium of a firm are as follows:

 1) MC = MR
 2) The MC curve should cut the MR curve from below.

Watch the entire lecture given by Asst. Prof. Shikha Duggar and enhance your knowledge.


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