Suppose ten companies begin introducing new genetically engineered apples. Each has their own distinctive taste and brand name. This market would be described by

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In monopolistic competition, there are multiple firms producing similar but not identical products with slight differences such as branding or taste. In this scenario, each company has their own brand name and taste, making it a clear case of monopolistic competition.

Suppose Ten Companies Begin Introducing New Genetically Engineered Apples