Features of Monopolistic Competition A Large Number of Sellers There are many sellers involved in the market of monopolistic competition They also own some small shares of that market EntryExit Freedom Any firm can enter or exit in this industry for monopolistic competition 3 The proposition must be so strong that it can move the mass millions (ie, pull in new customers to your product) This means the USP cannot be 5 Do a simple survey It is important to survey not only your customers, but your competitors' Try to get a list of your competitors' customers, even a partial list is great Asking your competitors' customers instead of yours shows you why people chose others' products or services over your own
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