Of the following,which is the best example of a monopolistically competitive firm?

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A local hair salon is the best example of a monopolistically competitive firm as it operates in a market with many other hair salons offering similar but slightly differentiated services. The firm has some control over its prices and can differentiate itself through things like quality of service or amenities offered, but it still faces competition from other firms in the market. The other options listed are not as good examples of monopolistic competition. Burger King operates in a market with other fast food chains but its products are more standardized, making it more of an oligopoly. Apple is closer to a monopolist as it has a unique product and brand loyalty. A PEI potato farmer likely operates in a perfectly competitive market where their products are undifferentiated. Air Canada is also in a more oligopolistic market where it competes with a small number of other airlines.

Of the Following,which Is the Best Example of a Monopolistically