Which of the following is the best example of a monopolistically competitive market?
A) corn
B) gasoline
C) electric utilities
D) retail clothing stores
E) wheat

Question

Quizplus · Accepted Answer

Retail clothing stores tend to have differentiated products, such as different styles, brands, and quality. Consumers can choose to shop at different stores based on these differentiating factors, making it a monopolistically competitive market.

Which of the Following Is the Best Example of a Monopolistically