In Sioux Falls, South Dakota, there are many pizza restaurants, each offering similar types of pizza but each restaurant located in a different place around the city. It is likely a pizza restaurant in Sioux Falls, South Dakota, operates in a:

Question

Quizplus · Accepted Answer

A monopolistically competitive market is characterized by many firms offering similar but not identical products, and each firm has some control over its prices due to product differentiation, which fits the scenario of pizza restaurants in Sioux Falls.

In Sioux Falls, South Dakota, There Are Many Pizza Restaurants