Microeconomics. Monopolistic Competition
Microeconomics. Monopolistic Competition
FRANCO CFA O EL NUEVO COLONIALISMO FRANCES. / CFA FRANC AND FRENCH COLONIALISM
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I think it is true that monopolistic competition is prevalent in many industries.
ReplyDeleteThis was interesting and insightful to be able to learn about burger joints and how they can represent monopolistic competition.
ReplyDeleteVery interesting, I like how you used the burger and the toppings to represent monopolistic competition.
ReplyDeleteThere are many industries in which this exists. There are pros and cons to this.
ReplyDeleteI agree that many industries can have aspects of a monopolistic competition.
ReplyDeleteI agree that monopolistic competition exists in a lot of different industries, thanks for the burger visual
ReplyDeleteI agree that monopolistic competition is present and the preference of consumers is the best sauce.
ReplyDeleteMonopolistic competition can help firms decide whether they want to market a commodity or premium price on their product.
ReplyDeleteThe simplification of the theory through comparing burgers was extremely helpful to be able to understand it!
ReplyDeleteI liked how you described monopolistic competition as when many companies offer the same service with their own unique traits that set them apart.
ReplyDeleteMonopolistic competition is more relvant than I thought it was. I can see that many business sectors are a part of this.
ReplyDeleteThank you for the example by using burger joints and their ability to differentiate from one another with their special sauces or things of the sort.
ReplyDeleteIt was interesting to see how a burger relates monopolistic competition.
ReplyDelete