ECO401 GDB IDEA SOL Spring 2020

ECO401 GDB IDEA SOL Spring 2020

Monopolistic Competetion is operating out in hand sanitizers industry in Pakistan according to the conditions mentioned in this case.
Justifications:
There are several similar brands (hand sanitizers)  but they do not substitute  of each others (difference in quality).It is a feature of monopolistic comptetion.
There are  a little  restrictions on entry or exit. Therefore, new brands are entering to meet the increasing demand of the hand sanitizers. Low  restrictions on entry and exit is the characteristic of the monopolistic competition.
Brands in this case making their decision by themselves but their decisions do not influence their competitors. Therefore it is the case of monopolistc competition

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