Monopolistic Competition

Ever wondered why your favorite local Biryani spots from Haji Biryani to Sultan's Dine and Kacchi Bhai—charge different prices for the exact same core dish? In this video presentation, we explore the Theory of Profit and Market Structures, focusing on Monopolistic Competition. Using a relatable real-world example of Dhaka's famous Biryani restaurants, we break down how product differentiation, pricing power, and low entry barriers shape market behavior in both the short run and the long run.