CBSE Class 12-commerce Answered
How monopolistic firm enjoy the partial control over
price?
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
Expert Answer
Monopolistic firm has partial control over price only through product differentiation. Products are differentiated through designs and colour of packing of the product. It attracts the consumers to buy the product at a higher price level. As there are many rivals and close substitutes of products in the market, the monopolistic firm cannot have full control over price.
Answered by | 26 Apr, 2016, 09:51: AM
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERTCBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
