Paul Avery is a salesperson at the only Ford automobile dealership in Winnipeg, Manitoba. However, there are several other auto dealerships in town, offering both
Domestic and foreign cars and trucks. Paul works hard to keep his customers satisfied because he knows that if his customers are unhappy, they can simply buy a car from one of the many other comparable dealers in Winnipeg. This is an example of:

Question

Quizplus · Accepted Answer

Monopolistic competition is a market structure where there are many firms offering similar products or services, but each firm has some degree of control over its price and quality. In this scenario, Paul Avery is a salesperson at the only Ford automobile dealership in Winnipeg, meaning that there are other dealerships offering both Domestic and foreign cars and trucks, which makes it a monopolistic competition. Paul works hard to retain his customers as if they are unhappy with his services or prices, they can simply switch to the services of another dealership.

Paul Avery Is a Salesperson at the Only Ford Automobile