Which of the following is not an example of a monopolistically competitive market?
A) automobile producers
B) supermarkets
C) video stores
D) makers of women's clothing

Question

Quizplus · Accepted Answer

Automobile producers are an example of an oligopoly market structure where a few large firms dominate the market. Monopolistically competitive markets have many small firms with differentiated products, such as supermarkets, video stores, and makers of women's clothing.

Which of the Following Is Not an Example of a Monopolistically