Question

Who sets the price in a monopolistic competition?

Producers and consumers
Consumers only
Government
Producers only

Answer 1

Answer:

Consumers and producers

Explanation:

so A on edg 2021

Answer 2

The Producers and consumers set the  price in a monopolistic competition.

What is a monopolistic competition?

This is a competition that occurs in the market place due to the fact that there are a lot of firms offering similar products that are not identical.

In this type of market the price setting is done by those that consume the products and the product makers.

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