Assignment on monopolistic competition

Assignment on monopolistic competition

This assignment will be based on choosing a product ( I-PHONE ) facing monopolistic competition and identifying the distinguishing characteristics of monopolistic competition.

You are required to prepare a detailed research paper outlining the following points:

1. A brief about the industry in which the product exists ( for example Samsung phones belongs to the mobile phone industry)
2. Explain Product differentiation. (How is the product different from others in the same industry?)
3. How it competes on the basis of price & product quality?
4. Barriers to entry and exit.
5. Influence of product development
6. Influence of advertising and branding
7. Index is required

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