Which of the following is the best example of a monopolistic competitor?
A) Wheat farmers.
B) Diet centers.
C) American Telephone and Telegraph.
D) General Motors.

Question

Quizplus · Accepted Answer

Monopolistic competition is characterized by many firms selling differentiated products. Diet centers offer similar services but are able to differentiate themselves through their location, programs, and marketing strategies. Wheat farmers, American Telephone and Telegraph, and General Motors do not fit the criteria for monopolistic competition.

Which of the Following Is the Best Example of a Monopolistic