Answer :
The production level that a firm with monopolistically competitive behavior chooses is almost comparable to that of a monopolist. A monopolistically competitive corporation... choose its quantity & pricing, exactly as a monopoly does, to maximize its profit.
Monopolistic competition is a sort of imperfect competition when numerous manufacturers compete with one another yet sell various items that are not exact substitutes for one another. In monopolistic competition, a corporation accepts the prices set by its competitors as given and pays no attention to how its own prices affect those of its rivals. Monopolistic competition will turn into a government-granted monopoly if this occurs in the face of a coercive government. In contrast to ideal competition, the business keeps extra capacity. Industry models frequently adopt monopolistic competition models. Restaurants, cereals, apparel, shoes, and service sectors in big cities are a few examples of industries with market systems resembling monopolistic rivalry from textbooks.
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