Find solution
What Are Market Strategies?

What are the strategies adopted by firms in a monopolistic competitive market?

  • what are the strategies adopted by firms in a monopolistic competitive market choose

  • Answer:

    If you're talking about the monopolistic firm, then they will create barriers to entry. They could do this by implementing switching costs for consumers, build up capital requirements, and lock in suppliers. There are other network externalities that would make the monopoly's product a standard or considered the best of breed. Monopolies can limit supply so they can maintain artifically higher prices that will increase profits.

vejay73 at Yahoo! Answers Visit the source

Was this solution helpful to you?

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.