Question

MBA ME

Please don't copy the answer from the web, this needs to pass the plagiarism check

1.Discuss Pricing of Monopolistic Competition in telecom industry.

2. Discuss characteristic and features of monopolistic competition in telecom

I need please typed response not handwriting answer. Thank you

Answer 1

In monopolistic competition in Telecommunications industry, firms are price setters and thus sets the trend by adopting particularly predetermined pricing strategy and all firms determined their own pricing to meet its demand and supply dynamic.

Monopoly competition is characterised by prpduct differentiation, multiple firms with one larger firm, freedom of entry and exit, buyers and sellers have imperfect information, independent decision making, some degree of market power.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE