Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Give five assumptions in monopolistic product market

Give five assumptions in monopolistic product market

Answers


Maxwell
1 The market is controlled by one producer.

2 Consumers don't have a chance to choose products

3 Prices are not stable.

4 The quality of products rarely improves

5 Government gets lower amount of tax as compared to other markets
ndungumaxwel answered the question on August 22, 2018 at 07:06

Answer Attachments

Exams With Marking Schemes

Related Questions