Monopolistic Competition

Description

Advanced placement Microeconomics (Imperfect Competition ) Mind Map on Monopolistic Competition, created by Ashley Hay on 17/03/2016.
Ashley Hay
Mind Map by Ashley Hay, updated more than 1 year ago
Ashley Hay
Created by Ashley Hay almost 8 years ago
271
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Resource summary

Monopolistic Competition
  1. advertising to influence info
    1. product differentiation
      1. some influence over price
        1. "price searchers"
        2. many buyers and sellers
          1. easy entry and exit (no barriers)
            1. ex: most retail (clothes, restaurants, etc)
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