Yes, monopolistic competitors see no role in advertising to sell more products. b must accept the price as given and therefore are price-takers.
Who are monopolistic competitors?
- A monopoly market is a market structure that has the characteristics of a pure monopoly.
- A monopoly occurs when a supplier offers a particular good or service to a large number of consumers. In a monopoly market, a monopoly or controlling firm has complete control of the market and thus sets the price and supply of goods or services.
- Purely monopoly markets are rare and may not be possible without absolute barriers to entry such as non-compete clauses and exclusive ownership of all natural resources.
- Monopolies that set the price and supply of goods or services when they occur are known as pricetakers
- . By determining the point at which marginal revenue equals marginal cost, the monopoly can find the level of production that maximizes profit.
learn more about monopolistic competition
https://brainly.com/question/25717627
#SPJ4
