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Advantages and Disadvantages of Monopolistic Competition

Some of the Advantages and Disadvantages of Monopolistic Competition are as follows. So let us check it out some information on monopolistic competition to know more about it.

Advantages of Monopolistic competiton are :

  1. In mopolistic competiton the market is more efficient than monopoly but it is less efficient than perfect competition.
  2. In monopolistic competiton differentiation creates choice, diversity and utitlity.
  3. Markets are relatively contestable as there are no significant barriers to entry in monoplistic competiton
  4. Numerous sellers

Disadvantages of Monopolistic competition are :

  1. In monopolistic competiton higher price is charged and control over price is limited.
  2. No market control or limited market power
  3. Non-price competiton
  4. In monoplistic competiton large firms have a cost advantages over small firms.
  5. You might also like advantages and disadvantages of monopoly to learn more about monopoly.

 

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Examples of Polynomials

Some of the examples of Polynomials are given below so let us check it out one by one to know more about polynomials.

Polynomials consists of Constants (like 2, -30  or 1/2), variables (like x and y) and exponents (like 2 in x2) but only 0, 1, 2, 3, 4 .......etc are allowed

  • 4x
  • x - 4
  • 2 - 4x
  • 5x2 - 8
  • 22x2 + 44y
  • 2x + 4y + 5z
  • 4xy2 + 3x -5

 

 

Full Form of RAC

RAC - Reservation Against Cancellation

Other full form of RAC are Royal Automobile Club, Rent a Car and Religious Action Center.

so let us find out other meaning of the given terms.

Check it out other similar terms on this site. 

What is Coal Tar ?

Coal tar is a black fluid of tremendously high viscosity when coal is carbonized,

Coal tar is among the by-products which manufactured coke or gasified to make coal gas.

Coal tars are compound and variable mixtures of phenols, polycyclic aromatic hydrocarbons (PAHs), and heterocyclic compounds.

Paracetamol is the only coal-tar derived analgesic which is still in use today, but industrial phenol is now usually synthesized from crude oil rather than coal tar.

Process Validation Stages

Process Validation is divided into three stages, So let us check it out one by one. Following are the three stages.

Stage I - Process Design: With the knowledge of Scale up studies and the prior knowledge which is gained through development, The commercial manufacturing process is defined during this stage of process design.

Stage II - Process Qualification: After defining process design, it is evaluated in this stage to determine whether the process is capable of reproducible commercial manufacturing or not.

Types of Debentures

Check out Types of Debentures discussed below. So let us find out some information on types to know more about debentures.

Debenture Types :

On basis of Security : Secured Mortgage debenture and Unsecured Naked debenture

On basis of Tenure : Redeemable debenture and Perpetual or Irredeemable debenture

On basis of Mode of Redemption : Convertible Debenture ( Fully convertible debenture and Partially convertible debenture) and Non convertible debenture

Full Form of DO,MBBS

Diploma in Ophthalmology (DO) is a course offered by medical schools in various countries.(Other full form and meaning of DO are also available) So check it out other articles related to the given term.

MBBS-- Bachelor of Medicine, Bachelor of surgery (Degree awarded by medical  school).