<prompt> Hlalosa mohopolo oa tlholisano ea monopolisticnan  <response>: Instruction in English: Explain the concept of monopolistic competition . Response in English: Monopolistic competition is a market structure where there are many sellers, each offering slightly differentiated products. This means that each firm has a certain degree of market power and can set its own prices, instead of being a price taker as in perfect competition. This market structure is characterized by the presence of product differentiation, where each firm aims to create a unique product so it can be easily distinguished from its competitors. This allows the firm to have some pricing power and to gain a competitive advantage.In monopolistic competition, each firm has market power because it has its own loyal customers, who are willing to pay a higher price for the unique features of the product. These firms may also engage in non-price competition, such as advertising to attract more customers. While new firms can enter the market in monopolistic competition, they must overcome the existing brand loyalty of the existing firms, which can make it challenging to gain a foothold in the market.Overall, monopolistic competition is a common market structure, where firms compete fiercely to differentiate their products and to gain market share. While prices may be higher and the market might not be as efficient as perfect competition, consumers benefit from the variety of products and the innovation that comes from the competition among firms. . Response in Sesotho: Tlholisano ea monopolistic ke sebopeho sa mmaraka moo ho nang le barekisi ba bangata, e mong le e mong a fana ka lihlahisoa tse fapaneng hanyane. Sena se bolela hore feme e ngoe le e ngoe e na le tekanyo e itseng ea matla a maraka me e ka ipehela litheko, ho e-na le ho ba moreki oa litheko joalo ka tlholisanong e phethahetseng. Sebopeho sena sa maraka se khetholloa ke ho ba teng ha phapang ea lihlahisoa, moo feme e ngoe le e ngoe e ikemiselitseng ho etsa sehlahisoa se ikhethang e le hore se ka khetholloa habonolo ho bahlaseli ba sona. Sena se lumella feme ho ba le matla a itseng a litheko le ho fumana monyetla oa tlholisano. Tlholisanong ea monopolistic, feme e ngoe le e ngoe e na le matla a maraka hobane e na le bareki ba eona ba tšepahalang, ba ikemiselitseng ho lefa theko e phahameng bakeng sa likarolo tse ikhethang tsa sehlahisoa. Lifeme tsena le tsona li ka kenella tlholisanong e sa rekiseng litheko, joalo ka papatso ho hohela bareki ba bangata. Le ha lifeme tse ncha li ka kena marakeng ka tlholisano ea bonotši, li tlameha ho hlola botšepehi ba mofuta o teng oa lifeme tse seng li ntse li le teng, e leng se ka etsang hore ho be thata ho fumana boemo ba maraka. Ka kakaretso, tlhōlisano ea monopolistic ke sebopeho se tloaelehileng sa maraka, moo lifeme li hlōlisanang ka matla ho khetholla lihlahisoa tsa tsona le ho fumana karolo ea maraka. Le hoja litheko li ka na tsa e-ba holimo me maraka o ka na oa se ke oa sebetsa hantle joaloka tlhōlisano e phethahetseng, bareki ba rua molemo ho tsoa mefuta e fapaneng ea lihlahisoa le mekhoa e mecha e tlisoang ke tlhōlisano hara lifeme. 