Answer:
of product differentiation and consequent product promotion activities.
Explanation:
competitive industry is industry that give room for free entry as well as exit of of firms with just little barrier. Monopolistic competition can be regarded as a type of compitition whereby many companies are dealing with similar product/services in the industry even though it's not a perfect substitute. There is low barrier when entry a Monopolistic Industry. It should be noted that Economic analysis of a monopolistically competitive industry is more complicated than that of pure competition because of product differentiation and consequent product promotion
