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the correct answer to be filled in the blanks are low and low
Monopolistic competition-
Monopolistic competition characterizes an enterprise wherein many companies provide services or products which are comparable (however now no longer perfect) substitutes. Barriers to entry and go out in a monopolistic competitive enterprise are low, and the choices of any individual organization now no longer immediately have an effect on the ones of its competitors. Monopolistic opposition is intently associated with the commercial enterprise method of brand differentiation.
Monopolistic opposition takes place while an enterprise has many companies providing merchandise which are comparable however not identical. Heavy advertising and marketing are normal amongst companies in monopolistic opposition and many economists criticize this as wasteful.
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