Department stores are monopolistically competitive because stores differ in the amount of customer service they provide.

Name: Department stores are monopolistically competitive because stores differ in the amount of customer service they provide.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Department stores offer similar but differentiated products and compete on factors such as brand selection, store layout, and customer service, which can vary between stores. This makes them an example of monopolistic competition.

Department Stores Are Monopolistically Competitive Because Stores Differ in the Amount