"The only way for a monopolistic competition to increase its sales is to lower its price." true or flase expl

False. The basis of monopolistic competition is that the products are heterogeneous. Examples are books, clothing, and films. They can increase sales by product differentiation, brand loyalty, or any of a number of other ways. Competition on price alone is not necessary or even favorable to net profits.

False. One can offer a complementary product to increase demand for the main product. One can also offer close substitutes that is perceived to be low on price but high on margin in reality.

False if one has a monopoly there is no competition.