There are several jewelry manufacturers in Petrovia.However,the jewelry produced by different manufacturers has different designs and the products are never identical.The jewelry market in Petrovia is an example of a ________.

Question

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The jewelry market in Petrovia has different manufacturers producing slightly different products, meaning there is differentiation among the products and no one manufacturer has complete control over the market. This is the defining characteristic of a monopolistically competitive market.

There Are Several Jewelry Manufacturers in Petrovia