Product Differentiation In Monopolistic Competition
Product Differentiation, Monopolistic Competition, and Public Policy The paper presents a generalization of the Heckscher-Ohlin theory by admitting the existence of sectors in which there is monopolistic competition. The ability of monopolistic competition firms to differentiate their products directly determines the level of consumer surplus. Differentiation Monopolistic Competition: Fundamentals of Economics Product differentiation under monopolistic competition refers to firms attempting to distinguish their products or services from their competitors. ...