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

Question

Quizplus · Accepted Answer

Automobile producers operate in an oligopolistic market structure where there are few large firms dominating the industry and they have significant control over the price of their products. Monopolistically competitive markets are characterized by many small firms with differentiated products, such as supermarkets, gas stations, and makers of women's clothing.

Which of the Following Is Not an Example of a Monopolistically