Which of the following is the best example of a monopolistic competitor?
A) a corn farmer
B) a weight-loss program
C) the U.S.Postal Service
D) a gas station
E) a localized cement company

Question

Quizplus · Accepted Answer

A weight-loss program is a good example of a monopolistic competitor. There are many weight-loss programs available, each offering slightly different benefits or methodologies, but they all serve a similar purpose. This is characteristic of monopolistic competition - firms are differentiated from one another but still compete within the same market.

Which of the Following Is the Best Example of a Monopolistic