One market that fits the characteristics of monopolistic competition is
A)women's clothing.
B)wheat farming.
C)television networks.
D)electric power generation.

Question

Quizplus · Accepted Answer

Women's clothing is a market that fits the characteristics of monopolistic competition because there are many firms that produce similar but differentiated products, such as different styles, fabrics, and brands. Each firm has some pricing power but is also subject to competition from other firms. This results in a relatively large number of firms in the market, easy entry and exit, and relatively low barriers to entry.

One Market That Fits the Characteristics of Monopolistic Competition Is