The fast-food,bottled water,and cereal markets are all examples of

Name: The fast-food,bottled water,and cereal markets are all examples of
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Question

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Monopolistic competition is characterized by a large number of firms that sell slightly differentiated products. The fast-food, bottled water, and cereal markets all have many firms offering their respective products, but each brand has its own marketing strategy, packaging, and flavor variations, which make them slightly different from each other.

The Fast-Food,bottled Water,and Cereal Markets Are All Examples of