One difference between monopolistic competition and pure competition is that:

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15-07-2017
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One difference between monopolistic competition and pure competition is that:

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andriansp andriansp · Answer 1 · 2017-07-21T12:40:51+02:00

One difference between monopolistic competition and pure competition is that: There is some control over price in monopolistic competition

In monopolistic competition, a specific resource is fully owned by a single entity without any competitors.
Since there is no other entity that could offer the product to the customer, the company could put a really high price and the customers that need the products have no choice but to follow