Walmart has a large aisle that displays many different types of shampoos. This observation indicates that the shampoo market is
A)a perfectly competitive market.
B)a monopoly.
C)an oligopoly.
D)a monopolistically competitive market.

Question

Quizplus · Accepted Answer

The large variety of shampoos in Walmart's aisle indicates that there are many brands competing for consumers' attention and dollars, suggesting that the shampoo market is monopolistically competitive.

Walmart Has a Large Aisle That Displays Many Different Types