Sen, Partha - Centre for Development Economics, Delhi School of Economics - 2008
, Monopolistic Competition
This paper was written while I was visiting COE at RIEB, Kobe University. I am grateful
to (the … jettisoned. Accordingly, monopolistic competition--because, of the non-competitive
market structures, it lends itself to …-up. Monopolistic competition
allows firms to be price setters and increasing returns makes the size of the firm important.
In such …