Which of the following is an example of a monopolistic competitor?
A)General Motors
B)a wheat farmer in Iowa
C)a long-distance telephone company
D)a family-owned Italian restaurant

Question

Quizplus · Accepted Answer

A family-owned Italian restaurant is an example of a monopolistic competitor because it operates in a market with many competitors and differentiates its product (e.g., unique recipes, ambiance) from others.

Which of the Following Is an Example of a Monopolistic