Monopolistic competition is best suitable in an open field provided by government where several competitors are allowed to operate and tend to have exclusive possession or control over trade.But here,one competitor will have to definitely emerge and have control of the trade over the others.
Reason been that, it may have found out that the … Read more
Competition is where two or more business organisations dealing with a similar products/services are competing on the same ground for the purpose of capturing the mind-attraction of a whole lot of customers/subscribers (in a GSM operated services) to it own business/service providing, owing to the value,and extra value added services it has to offer for … Read more