Explain the numerous purchasers and merchants

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Monopolis?c rivalry, a kind of blemished contest where there are numerous venders, selling items that are ?rmly related however separated from each other [for example nature of items might separate) and consequently they are flawed substitutes This market structure exists when there are various dealers who endeavor to appear to be not quite the same as each other. Models: toothpaste, sodas, clothing as they all are homogeneous items with numerous purchasers and dealers, no to low passage boundaries except for are not the same as one another because of value, taste, marking. Firms have halfway command over the cost as they are not cost takers {beca use of separated items} or Price Maker {as there are numerous purchasers and merchants}.

Reference no: EM133178327

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