A common example of monopolistic competition is the market for:
A) oranges.
B) 1-inch nails.
C) automobiles.
D) gas stations.

Name: A common example of monopolistic competition is the market for: A) oranges. B) 1-inch nails. C) automobiles. D) gas stations.
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Question

Quizplus · Accepted Answer

Gas stations are a common example of monopolistic competition because they sell a similar product (fuel) but differentiate themselves through location, brand, and additional services.

A Common Example of Monopolistic Competition Is the Market For