Business Structure: Monopolistic Competition by Bmoese https://padlet.com/bmoesenthin/u7lj07gmvf9x By: Brady Moesenthin en-us 2017-11-01 19:01:12 UTC 2017-11-03 18:37:13 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Diskette.png Monopolistic Competition bmoesenthin https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/202676601            4 Key Characteristics
1: Large number of small firms.
2: Similar but not identical products.
3: relative freedom to exit and enter the market.
4:Extensive knowledge of price of technology.]]> 2017-11-01 19:04:10 UTC https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/202676601 Advantages bmoesenthin https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203031663 -No significant barriers.
-Contestable Markets.
-less allocatively.

]]> 2017-11-02 17:30:05 UTC https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203031663 Disadvantages bmoesenthin https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203032348 -less productively efficient.
-sellers make up prices.
-sellers advertise to differentiate.]]> 2017-11-02 17:31:19 UTC https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203032348 Photo bmoesenthin https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203067020 https://padletuploads.blob.core.windows.net/prod/234867196/9d5f3bd6aa68f7cfb41de5e5f399de23/image.jpeg]]> 2017-11-02 18:31:40 UTC https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203067020 Video clip bmoesenthin https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203067323 https://m.youtube.com/watch?v=T3F1Vt3IyNc]]> 2017-11-02 18:32:12 UTC https://padlet.com/bmoesenthin/u7lj07gmvf9x/wish/203067323