Monopolistic competition is common in:

Question

Quizplus · Accepted Answer

Monopolistic competition is most commonly found in retail selling, such as clothing stores, restaurants, and small businesses. These industries have a large number of small firms competing with each other, but they differentiate themselves through unique product offerings or marketing strategies. Farming, basic manufacturing, electric power generation, and banking industries are generally more monopolistic or oligopolistic in nature.

Monopolistic Competition Is Common In