Shops that sell live bait to people in Alabama may be monopolistically competitive if there is product differentiation and differentiation by location.False

Question

Quizplus · Accepted Answer

Monopolistic competition is characterized by product differentiation and location differentiation, as firms strive to differentiate their products from those of their competitors to attract more customers. Therefore, shops that sell live bait in Alabama can be considered monopolistically competitive if they differentiate their products and location.

Shops That Sell Live Bait to People in Alabama May