A good example of a monopolistically competitive firm is

Question

Quizplus · Accepted Answer

Harvey's operates in the fast food industry which is a highly competitive market. While they offer unique products and branding, there are many other fast food chains that offer similar products. This makes them a good example of a monopolistically competitive firm. Petro-Canada and Bombardier are both larger companies that operate in markets with fewer competitors. A PEI potato farmer is a perfect example of a perfectly competitive market, as there are many other potato farmers offering identical products. Apple has a large market share in the electronics industry, making them a better example of an oligopoly.

A Good Example of a Monopolistically Competitive Firm Is