Answer to Question #97700 in Microeconomics for keke

Question #97700
(a) Think of a monopolisticly competitive industry that you think you could actually get into, possibly in a specific area of the garment industry (but not shoes or make-up). What qualities would make it that kind of an industry? (b) Do you think, that if you were successful, that other competitors would jump in to compete away your profits? How could you try and maintain your profits? (c) Are there monopolistic competition businesses that you are familiar with in your own experience that remain more than 'normally' profitable?
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Expert's answer
2019-10-31T02:07:49-0400
Dear keke, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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