this is due to the fact that they thrive on advertising, marketing price and quality to appeal to target audience.
Monopolistic opposition is a kind of marketplace shape in which many organizations are found in an industry, and that they produce comparable however differentiated products. None of the organizations revel in a monopoly, and every enterprise operates independently with out regard to the moves of different organizations.
Companies in a monopolistic opposition make monetary income in the short run, as an end result of the liberty of access and exit in the industry. Economic income that exist withinside the short run appeal to new entries, which subsequently cause expanded opposition, decrease prices, and excessive output.
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